New Zealand Alleges Cargo Cartel
WELLINGTON, New Zealand — New Zealand’s competition watchdog said it has initiated court proceedings Monday against 13 airlines, including some of the world’s leading international carriers, alleging “extensive and long-term cartel activity in the air cargo market” over seven years.
The Commerce Commission alleges airlines throughout the world colluded to raise cargo prices in and out of New Zealand via fuel surcharges.
It alleges the airlines entered an illegal global agreement in 1999/2000 under the auspices of the trade organization International Air Transport Association.
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Tags: Air New Zealand, Cathay Pacific Airways, new zealand, Qantas Airways, Singapore Airlines
This entry was posted on Wednesday, December 17th, 2008 at 11:54 am and is filed under Cargo & Shipping News. You can follow any responses to this entry through the RSS 2.0 feed.