ACCC institutes proceedings against Cathay Pacific Airways
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
As a result of its continued investigation into alleged price fixing in the air cargo industry, the Australian Competition and Consumer Commission (ACCC) instituted proceedings in the Federal Court against Cathay Pacific Airways Ltd.
The ACCC alleges that between 2000 and 2006, Cathay Pacific entered into over 70 arrangements or understandings with other international air cargo carriers that had the purpose or effect of fixing the price of a fuel surcharge, a security surcharge and rates that were applied to air cargo carried by Cathay Pacific Airways Ltd and other airlines. The ACCC alleges that the arrangements or understandings were reached in countries including Singapore, Indonesia, Hong Kong, United Arab Emirates, India, Japan and Italy.
The ACCC is seeking declarations, injunctive relief, pecuniary penalties, and costs. A directions hearing has been set down for 28-May-09. Cathay Pacific is the eighth airline to be the subject of ACCC proceedings for fuel surcharge price fixing.
Comments are closed.