| New Zealand News | Friday June 14 2013 6:50
The Commerce Commission is welcoming an end to its long-running case against Air New Zealand, over air cargo price fixing.
The two parties have come to an agreement and the airline will pay $7.5 million for breaching the Commerce Act.
Commerce Commission Chair Dr Mark Berry says the penalties are a reminder to companies to have effective compliance programmes in place to prevent anti-competitive behaviour.
10 other airlines have admitted their role in the price-fixing case and have paid penalties of $35 million.
The High Court says Air New Zealandâ s conduct was not as culpable as some of the other airlines pursued by the commission.