The Competition Commission on Monday said it concluded settlement agreements with South African Airways (SAA) and Singapore Airlines in relation to price fixing conduct of flights between Johannesburg and Hong Kong.
SAA agreed to pay a penalty of R18,799,292, while Singapore Airlines will cough up R25,106,692.
The investigation was initiated on January 16 2008 following Cathay Pacific's application for leniency.
“In the case of SAA, the settlement agreement also settles cases against the airline with regards to collusion concerning international air cargo surcharges and domestic route prices and pricing strategies during the 2010 Soccer World Cup,” the commission added, noting that no findings were made against SAA in respect of these two matters.
The commission's investigation into cargo fuel surcharges was referred to the Competition Tribunal in July 2010, and SAA has offered its full cooperation to the commission in its on-going investigations and prosecution of both matters before the tribunal.
Similarly, Singapore Airlines undertook to do the same with regards to the Far East matter, the commission commented. - I-Net Bridge