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Indiaexportnews.com

Australian regulators fine Emirates US$10 million

  19.10.2012    

Emirates has been fined A$10 million (US$10.38 million) by the Australian Competition and Consumer Commission (ACCC) for its part in a price-fixing cartel from Indonesia to Australia between October 2001 and May 2006, according to the Shipping Gazette. 
So far authorities have fined 10 airlines A$68 million for fixing fuel and the surcharges during the cartel's operation since 1996, which involved 17 airlines introducing freight surcharges to offset rising fuel prices.
The Dubai carrier was issued a penalty for fixing a security surcharge and a customs fee including fuel prices following a three-year investigation.
Qantas Airways also pleaded guilty to the charges in New Zealand, which has resulted in a total of five convictions and fines of more than A$105 million and A$20 million in Australia for increasing freight charges in collusion with other carriers.
ACCC chairman Rod Sims said the latest penalty sends a "strong message" that such conduct will not be tolerated "regardless of size or country of origin".


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