Saturday, May 2, 2009

Cathay Pacific accused of price-fixing


Cathay Pacific accused of price-fixing
30-04-2009

Australia's competition watchdog has accused Cathay Pacific Airways of price-fixing air freight.

The Competition and Consumer Commission said places where the price-fixing agreements were reached included Hong Kong, Singapore, Japan, Indonesia and India.

It said it would seek penalty against the carrier. A preliminary hearing will be held on 28th May.

Cathay was accused by New Zealand of being part of a cartel to set air cargo prices four months ago.