Australia’s Federal Court has slapped an A$19m ($13.1m) on Garuda Indonesia for its part in a price fixing cartel which has so far brought penalties exceeding A$132.5m.
The judgement delivered last week, follows an investigation by the Australian Competition and Consumer Commission (ACCC) against Garuda and 13 other carriers.
Chair of the ACCC Rod Sims said: “Price fixing is a serious matter because it unfairly reduces competition in the market for Australian …

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Source: The Loadstar