Singapore Airlines, accused of price fixing on flights between Johannesburg and Hong Kong, will pay US$3.3 million to settle the case brought by the South African competition watchdog.
This is the first such charge against the passenger airline although in 2010 SIA and 10 other airlines were fined a total of US$1.06 billion by the European Commission for fixing cargo prices.
SIA Cargo has also been accused of price-fixing in several countries including Australia and South Korea.
“Singapore Airlines decided to negotiate a settlement after consulting its legal advisors and carefully weighing its options,” Singapore Airlines said in a statement.
South African Airways was also fined by the watchdog for its role in the fixing of prices.
