Air India violated Fair Trade Act: South Korea
South Korean regulator Fair Trade Commission has warned Air India and Scandinavian Airlines against indulging in unfair trade practices, and slapped a fine of nearly USD 100 million on 19 other international carriers.
Seoul/New Delhi: South Korean regulator
Fair Trade Commission has warned Air India and Scandinavian
Airlines against indulging in unfair trade practices, and
slapped a fine of nearly USD 100 million on 19 other
"The Commission found that the 21 airlines had conspired
to introduce fuel surcharges and continue to raise surcharge
rates for air cargo to-and-from Korea between 1999 and 2007,"
the regulator said in a statement today.
FTC has imposed a total fine of 119,544 million won
(nearly USD 100 million) on 19 airlines and told two others,
including Air India, for violating the Monopoly Regulation and
Fair Trade Act.
Air India officials were unavailable for comments.
Air France, Air France-KLM, Air Hong Kong, Singapore
Airlines, All Nippon Airways, Asianan Airlines, British
Airways, Cathay Pacific Airways, KLM and Japan Airlines
International, were among the 19 airlines fined by the FTC.
The other entities penalised were Korean Airlines,
Lufthansa Cargo, Malaysian Airline, Nippon Cargo Airlines,
Polar Air Cargo, Qantas Airways, Swiss International Airlines,
Cargolux Airlines International and Thai Airways
In its probe, the regulator found that the cartel
conspiracy on shipments to four routes, outbound shipments
from Korea, and inbound shipments to Korea from Hong Kong,
Europe and Japan, had seriously affected the South Korean
FTC had begun investigating the issue through unannounced
inspections in February 2006.