Australian watchdog sues Singapore Airlines Cargo

Reuters is reporting that Australia’s competition watchdog, the Australian Competition and Consumer Commission, sued the cargo unit of Singapore Airlines on allegations they were involved in international price-fixing. The commission has already taken action against Qantas Airways and British Airways, who paid fines totaling $17.1 million.

The commission accused Singapore Airlines Cargo, of entering into arrangements with other carriers to fix the price of a fuel surcharge and a security surcharge between 2001 and 2005. The penalties and costs, are still unspecified.

SIA Cargo spokesperson informed that the airline will defend the allegations, and re-iterated their commitment to competing fairly and within constraints of the law.

Since February 2006, regulators worldwide, have been probing more than 30 airlines over the issue of cartelisation, after U.S. and European officials raided airlines as part of investigations into the imposition of fuel surcharges in international air cargo.

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

Check Also

Jet Airways' Boeing 737-800 VT-JBD

Why Jet Airways is critical to Boeing’s India presence

Indian aviation continues to show tremendous aviation potential with growth forecast to be in the …

Spicejet Boeing 737-800 VT-SPL "Cardamom"

SpiceJet Q3FY19 results analysis: challenges remain

SpiceJet, reported its third quarter results of the fiscal year 2018-19 (FY19) this Monday. There …