Australia turns on Cathay
17 / 05 / 2009
AUSTRALIA’S investigation into cargo price fixing has now turned its sights on Cathay Pacific. Cathay will be the eighth airline that Australia has targeted.
The Australian Competition and Consumer Commission (ACCC) said that the carrier had fixed cargo surcharges in Hong Kong, India, Indonesia, Italy, Japan, Singapore and the United Arab Emirates.
The ACCC has already fined airlines AUS$41 million (US$28.7 million) for acting against fair competition.
“The ACCC continues to investigate other airlines with the assistance of cooperating parties and further actions are expected over the next few months,” it said in a statement.
A preliminary hearing will be held on 28 May.
Cathay is already under investigation for the same charges in New Zealand, announced four months ago.