Quantas Fined $20 Million for Price Fixing

Quantas Fined $20 Million for Price Fixing
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SYDNEY, Australia (AP) — Qantas Airways and British Airways were fined by an Australian court Thursday for their involvement in a price-fixing cartel in the global air freight industry, a national competition watchdog said.

The Federal Court in Sydney ordered Qantas to pay 20 million Australian dollars ($13 million), a fine the airline had agreed to when the Australian Competition and Consumer Commission launched legal action against it in October.

The court also fined British Airways AU$5 million after it admitted an illegal arrangement in the airfreight market, over the same time period with Lufthansa.

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