SIA and South African Airlines fined US$5.79 million for price-fixing

2012 03 28


SOUTH Africa's Competition Commission has fined South African Airways ZAR18.8 million (US$2.35 million) and Singapore Airlines ZAR25.1 million for price-fixing on routes between Johannesburg and Hong Kong.

The fine settles another investigation into South African Airways, which was accused of collusion over domestic fares and international freight rates during the 2010 football World Cup, citing a statement from the anti-trust authorities, reported Agence France-Presse.

"SAA has offered its full cooperation to the commission in its ongoing investigations and prosecution of both the matters," the statement said.

"Similarly, Singapore Airlines undertook to do the same with regards to the Far East matter."

No separate ruling was made against South African Airways in the World Cup enquiry, however, the Competition Commission was cited as saying that the fine will settle the matter.

Source Shipping Gazette - Daily Shipping News
 

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