by Staff Writers
Johannesburg (AFP) March 26, 2012
South African Airways and Singapore Airlines have been fined several million dollars for price-fixing on routes between Johannesburg and Hong Kong, the anti-trust authority said Monday.
SAA was fined 18.8 million rands ($2.5 million, 1.9 million euros) and Singapore Airlines 25.1 million rands, the Competition Commission said in a statement.
The settlement will also resolve a separate case against SAA, which was accused of collusion over domestic fares and international cargo charges during the 2010 football World Cup, it said.
"SAA has offered its full cooperation to the commission in its ongoing investigations and prosecution of both the matters," the statement said.
"Similarly, Singapore Airlines undertook to do the same with regards to the Far East matter."
The decision made no separate finding against South African Airways in the World Cup case but the fine will settle the matter, it added.
Aerospace News at SpaceMart.com
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
Asia gets new budget airline eyeing Chinese flyers
Sydney (AFP) March 26, 2012
Australian flag carrier Qantas and China Eastern Airlines said Monday they will launch a new Hong Kong-based budget airline next year aimed at cashing in on China's booming aviation market. The new low-cost Asian carrier, Jetstar Hong Kong, will fly short-haul routes, including in China, Japan, South Korea and Southeast Asia, the partners announced. The move marks a major expansion of Je ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|