SIA and South African settle price fixing charges

SOUTH African Airways (SAA) and Singapore Airlines (SIA) have both made a plea bargain for price fixing of cargo with Cathay Pacific.

The three airlines conspired to fix cargo surcharges between Johannesburg (South Africa) and Hong Kong (China) in 2008.

SIA has agreed to pay US$3.3 million and SAA $2.4 million to the South African government. Cathay Pacific was given no fine for agreeing to give witness against the other two.

“Once the settlement agreement is confirmed by the South African Competition Tribunal, this will bring the Competition Commission’s investigation to a close for [us],” Singapore Airlines said.