Malaysia Airlines latest to be fined in Australia for conspiring to rob its air freight customers
The ACCC has issued a brief statement over the latest airline to be penalised over an air freight surcharge price fixing cartel in the aftermath of the 9/11 attacks.
The Federal Court in Sydney has penalised Malaysia Airlines Cargo Sdn Bhd $6 million for price fixing as part of a cartel following action by the Australian Competition and Consumer Commission.
“This penalty sees the total penalties ordered against this international cartel increase to a record $58 million. These penalties are the highest generated by a single ACCC Investigation,” ACCC Chairman Rod Sims said.
Let’s call this behaviour for what it was. It was a conspiracy between airlines, including Qantas, to rob their customers.