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SAA forking out R18m in settlement

Jun 06 2012 17:56

Johannesburg - The Competition Tribunal has confirmed a settlement agreement with SA Airways (SAA), the Competition Commission said on Wednesday.

SAA had agreed to pay an administrative penalty of R18m, being 2.5% its combined turnover derived from its Johannesburg-Hong Kong route for the 2012 financial year.

SAA had also undertaken to co-operate with the commission in any ongoing investigation and prosecution of the remaining respondents in the suite of complaints.

The commission's complaint in March 2006, against SAA and seven other airlines, alleged that the airlines had contravened the Competition Act by fixing rates of fuel and other surcharges on the transport of cargo on routes to and from South Africa.

In 2008, the commission alleged that SAA and three airlines had contravened the Competition Act by fixing prices and the trading terms of passenger airline tickets for prime cabins on routes to and from South Africa and far east Asia.

In 2010, SAA was alleged to have fixed prices of passenger airline tickets, along with other airlines.

saa

 
 
 

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