Air NZ wins costs in price-fixing case
Radio New Zealand
June 6, 2014 7:38 pm
Air New Zealand appears to have emerged unscathed from large-scale legal action in Australia.
It was one of several airlines accused of fixing the prices payable for air cargo, and faced a $220 million class action across the Tasman.
The Australian law firm Maurice Blackburn, which took the class action, has announced it has settled the claim for more than $41.66 million.
However in a statement to the New Zealand Stock Exchange, Air New Zealand says it is not making any payment as part of that settlement.
In fact, it’s getting a $3.2 million contribution towards its legal costs.
Air New Zealand has consistently denied engaging in anti-competitive practices.
A related case brought by the Australian Competition and Consumer Commission is being defended by Air New Zealand, as is a class action in the United States.