Share

Emirates accused: Price fixing

Sydney - Australia Tuesday launched legal action against airline Emirates for alleged cargo industry price-fixing, extending a campaign which has netted several carriers and tens of millions of dollars in fines.

The Australian Competition and Consumer Commission (ACCC) said the Dubai carrier had colluded with other airlines to fix cargo and other rates, adding that it was seeking financial penalties.

"Emirates entered into arrangements or understandings with other international air cargo carriers that had the purpose and effect of fixing the price of certain fuel surcharges, security surcharges and rates," it said in a statement.

"The ACCC alleges that the arrangements or understandings were reached in countries including Singapore, Indonesia, Hong Kong, United Arab Emirates and India."

Emirates denied the accusations and said it would defend its position in court. The hearing is scheduled for September 11 in Sydney.

"Emirates denies the allegations and will be defending the proceedings," the airline said in a statement to Dow Jones Newswires.

Emirates "does not intend to make any further comment given that the matter is before the Court", it said.

Since December the ACCC has successfully accused several airlines of fuel surcharge price-fixing, winning fines of A$20m and A$5m from Qantas and British Airways respectively.

Air France and KLM - which have now merged - Martinair and Cargolux were ordered to pay a total of A$21m in separate proceedings, while cases are still being heard against Singapore Airlines and Cathay Pacific.

Neighbouring New Zealand has accused 13 airlines of forming an air cargo cartel and similar action has also been taken in the United States.

-AFP

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.85
+0.9%
Rand - Pound
23.59
+0.9%
Rand - Euro
20.20
+1.0%
Rand - Aus dollar
12.32
+0.7%
Rand - Yen
0.12
+1.7%
Platinum
928.90
+0.4%
Palladium
979.00
-1.2%
Gold
2,342.94
+0.5%
Silver
27.54
+0.4%
Brent Crude
89.01
+1.1%
Top 40
69,240
+1.2%
All Share
75,189
+1.2%
Resource 10
63,032
+1.5%
Industrial 25
103,610
+1.1%
Financial 15
15,975
+1.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders