Emirates fined $10m for fuel price fixing

Emirates fined $10m for fuel price fixing
By admin

Emirates has been fined $10 million for its part in a fuel and surcharges price fixing cartel – the highest amount ever ordered after an investigation by the Australian Competition and Consumer Commission (ACCC).

The ruling comes just a week before full proceedings begin against a number of airlines accused of price fixing.

The ACCC alleged back in 2009 that Emirates, in collaboration with other airlines, fixed prices.

In a settlement, the carrier was ordered to pay $7m after admitting to “arriving and giving effect to illegal understandings” surrounding charges from Indonesia to Australia and other countries between 2001 and 2006.

Emirates was fined a further $3m for “attempting to arrive at an understanding with DAS Air Cargo” over air freight from Australia.

“This settlement with Emirates brings the total penalties ordered in Australia against international airlines involved in the cartel to $68m,” ACCC chairman Rod Sims said. “Theses are the highest penalties to have ever been ordered in an ACCC investigation.”

Email the Travel Weekly team at traveldesk@travelweekly.com.au

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