By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Air New Zealand Fined $15 Million Dollars
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > Air New Zealand Fined $15 Million Dollars

Air New Zealand Fined $15 Million Dollars

Jake Smith
Last updated: 27 June 2018 06:45
By Jake Smith 2 Min Read
Share
SHARE

Air New Zealand has been fined $A15 million ($NZ16.24m) by an Australian court for price fixing between 2002 and 2007.

The Australian Federal Court has ordered Air New Zealand to pay these penalties after the Australian Competition and Consumer Commission (ACCC) launched legal action against a global air cargo cartel.

The Australian Court found that Air New Zealand agreed with other airlines to fix the price of fuel and insurance surcharges on air freight services from Hong Kong, and insurance and security charges from Singapore, to various locations, including Australian airports, between 2002 and 2007.

ACCC Commissioner Sarah Court said the illegal price-fixing agreements “unfairly reduced competition for the transport cost for goods flown into Australia”. The ACCC launched an investigation into the air cargo cartel in 2006, and since then penalties totalling $A113.5 million have been imposed against 14 airlines.

Air New Zealand has been ordered to pay a penalty of $A11.5 million for price fixing over fuel surcharges imposed for cargo from Hong Kong to Australia. The other $3.5 million was for price fixing on the insurance and security surcharge from Singapore to Australia.

The fine to Air New Zealand was the second biggest after Qantas was fined $A20 million in 2008.

The Federal Court initially dismissed the ACCC’s case against Air New Zealand in 2014, but this was appealed in the Full Court of the Federal Court. Air New Zealand will also pay $A2 million in legal costs.

© Ben Williams

You Might Also Like

Cathay Pacific Joins With Sinopec In a Sustainable Aviation Fuel Initiative

Deutsche Aircraft: Rolls out prototype aircraft D328eco

Honoring the Heart of the Skies: Celebrating World Cabin Crew Day

Global Passenger Growth Soars in April 2025

IndiGo: Ton Dortmans joins IndiGo to support A350 entry into service, and MRO expansion

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Jake Smith
By Jake Smith
Director of Special Projects - Jake is an experienced aviation journalist and strategic leader, regularly contributing to the commercial aviation section of Travel Radar alongside leading strategy and innovation including livestreaming and our store.
Previous Article Boeing unveil hyper-sonic aircraft concept.
Next Article Garuda CRJX Veers off Runway at Surabaya during Landing
1 Comment
Subscribe
Login
Notify of
guest
guest
1 Comment
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Finnair
Industrial action continues to disrupt Helsinki Airport, Finnair
Airlines Aviation
London City Airport
London City Airport Holds Fifth Women in Aviation Challenge
Airports Airshow & Events Aviation Careers
Malaysia Airlines reveals new Manchester United livery
Malaysia Airlines Releases Manchester United Livery
Airlines Airshow & Events Aviation Travel
Qatar Airways sponsorship of the UEFA Champions League final between PSG and Inter
Qatar Airways Sponsors UEFA Champions League Finals
Airlines Airshow & Events Aviation
The Cathay Group was honoured with a total of 15 awards at the annual HKACE Customer Service Excellence Awards, including the Grand Award for the third year running.
Cathay Group Bags 15 HKACE Awards including the Grand Award
Airlines Aviation
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?