Cargolux in consent proceedings in Australia

Today, Cargolux Airlines International S.A., among other cargo airlines, agreed with the Australian Competition and Consumer Commission (ACCC) to pay pecuniary penalties for breaching the price fixing provisions of the Australian Trade Practices Act, 1974. The ACCC and Cargolux will jointly submit to the Court that the penalty should be AUD 5million (approx. EUR 2.6 million).

 “Cargolux has cooperated intensively with the ACCC and the other authorities throughout the investigation and the legal proceedings and will continue to do so” says Mr. Marc Hoffmann, Chairman of the Board of Cargolux.

The settlement with the ACCC relates to the charging of fuel surcharges by major carriers for international air cargo shipments. The proposed settlement still needs to be approved by the Federal Court.

Source: Transportweekly