Australian court fines Garuda Indonesia $13.2 million for price fixing

May 30, 2019

(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.

(Reporting by Aditya Soni in Bengaluru; Editing by Stephen Coates)

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