All data is delayed
See More

SAA, Singapore fined for price-fixing

Mar 26 2012 16:00
Johannesburg - SA Airways (SAA) and Singapore Airlines have to pay penalties for fixing flight prices, the Competition Commission said on Monday.

"The settlements are in relation to price-fixing conduct in respect of flights between Johannesburg and Hong Kong," the commission said.

SAA would pay an R18.8m settlement, while Singapore Airlines would pay R25.1m.

The investigation into price fixing started in January 2008 after Cathay Pacific applied for leniency. Under the agreement, other cases against SAA were settled.

These related to collusion in international air cargo surcharges and domestic route prices, and pricing strategies for the 2010 Soccer World Cup.

"However, no findings were made against SAA in respect of these two matters," the commission said.

An investigation into cargo fuel surcharges was referred to the Competition Tribunal in July 2010.

"SAA has offered its full cooperation to the commission in its ongoing investigations and prosecution of both matters before the tribunal.

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


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote