Garuda the 10th international carrier investigated by Australian authorities for alleged freight price fixing
September 3, 2009
Indonesian airline Garuda has become the 10th international carrier to be investigated by Australian authorities for freight price fixing.
The Australian Competition and Consumer Commission (ACCC) has begun proceedings against PT Garuda Indonesia (PTGI) for allegedly fixing the price of fuel and security surcharges between 2001 and 2006.
The consumer watchdog will seek declarations, injunctive relief, pecuniary penalties and costs from the airline when a hearing gets underway in the Federal Court in Sydney on October 22.
To date seven airlines including British Airways and Qantas have been fined a total of $41 million, while proceedings against three more including Dubai-based carrier Emirates are still under way.
More airlines are also under investigations and the ACCC says more announcements will be made in the near future.