Australian court fines Garuda Indonesia $13.2 million for price fixing By Reuters

© Reuters. A technician prepares to check Garuda Indonesia’s Boeing 737 Max 8 airplane parked at the Garuda Maintenance Facility AeroAsia, at Soekarno-Hatta International airport near Jakarta

(Reuters) – Australia’s competition regulator on Thursday said a Federal Court has ordered Indonesia’s flag carrier Garuda Indonesia to pay A$19 million ($13.2 million) for price fixing.

The court’s proceedings found that between 2003 and 2006, Garuda agreed to deals that fixed the price of security and fuel surcharges, as well as a customs fee from Indonesia, the Australian Competition and Consumer Commission said in a statement.

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2019-05-29

By: Staff Writer

On: May 29, 2019

In: Hot Stock News

Tagged: Australian, court, fines, fixing, Garuda, Indonesia, million, Price, Reuters

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