New Zealand’s High Court has agreed to a NZ$2.3 million fine to Japan Airlines (JAL) as part of a settlement agreement with the NZ Commerce Commission for price fixing on fuel and security surcharges on routes between Europe, the US, Asia and New Zealand. JAL is the fourth carrier (of the 13 being investigated) to settle the case, and by admitting to the price-fixing activity received a 35 per cent reduction in its fine. The settlement agreement also requires JAL to continue cooperating with the commission’s investigation and to pay costs.
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Japan Airlines settles with NZ Commission
- Gilbert + Tobin
- New Zealand
- July 31 2012
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Ting Sim
Legal Counsel
Shell Eastern Petroleum