PETALING JAYA: MASkargo Sdn Bhd, the aircargo unit of Malaysia Airlines (MAS), has settled NZ$2.6mil (RM6.67mil) in penalties with the New Zealand Commerce Commission (NZCC) for fixing aircargo prices.
In a filing with Bursa Malaysia yesterday, MAS said the NZCC had made orders consistent with an agreement between the commission, MAS and MASkargo to settle the airfreight litigation.
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