Garuda Indonesia told to pay A$19mil fine


An Australian court ordered Garuda Indonesia to pay a fine of A$19mil (RM60.7mil) in relation to a price-fixing case after Indonesia’s flag carrier dropped an appeal against the penalty levied two years ago, a regulator said.

The Federal Court asked Garuda to pay the sum after the airline withdrew its appeal against the May 2019 judgement, which found that it had fixed fees and surcharges for air freight services between 2003 and 2006, the Australian Competition & Consumer Commission (ACCC) said.

“We will also continue to closely watch for any signs of anti-competitive conduct in the airline industry, specifically following the disruption to travel due to Covid-19, ” the ACCC said in a statement yesterday.

The Federal Court ordered Garuda to pay the penalty in monthly instalments between December 2021 and December 2026, it said.

Garuda did not immediately respond to an emailed request for comment.

The airline industry has been crippled due to the collapse of air travel amid the coronavirus pandemic, hurting its bottomline and net cashflow. — Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Aseanplus News

Asean News Headlines as at 8pm on Wednesday (May 12)
Nine contracts worth RM1bil awarded for Singapore-Johor RTS Link systems
Red Cross warns that coronavirus cases are exploding in Asia
Thai Corrections Dept admits close to 3,000 inmates infected
Taiwan reports record daily local Covid-19 cases
Brunei reports 1 new imported Covid-19 case, 231 cases in total
RCEP seen giving post-pandemic boost to HK economy
Vietnam's raw cashew nut imports rocket in first four months
IS-linked militants kill four farmers in Indonesia
Japan enhances strategic partnership with Laos

Stories You'll Enjoy


Vouchers