Home Business News Garuda Indonesia denied an Australian court's appeal in the price-fixing case, was...

Garuda Indonesia denied an Australian court’s appeal in the price-fixing case, was asked to pay a $ 15 million fine.

© Reuters. FILE PHOTO: Garuda Indonesia logo is printed on an Airbus A330 aircraft parked at the Airbus headquarters in Colomiers.

(Reuters) – An Australian court ordered Garuda Indonesia to pay a fine of A $ 19 million ($ 15 million) in connection with a price-fixing case after the Indonesian flag carrier refused to appeal against the penalty. adopted two years ago, a regulator said Tuesday. .

The Federal Court requires Garuda to pay this amount after the airline withdraws its appeal against the May 2019 ruling that it has fixed the charges and surcharges for air transport services from five 2003 to 2006, the Australian Competition & Consumer Commission (ACCC) said. (https: //

“We will also continue to closely monitor any signs of anti-competitive behavior in the aviation industry, particularly following a cruise disruption caused by COVID-19,” the ACCC said in a statement.

The Federal Court required Garuda to pay the penalty in installments monthly between December 2021 and December 2026, the court said.

Garuda did not immediately respond to an emailed request for comment.

The airline industry has been paralyzed by the collapse of air travel in the wake of the coronavirus pandemic, damaging its profits and net cash flows.

($ 1 = AU $ 1.2875)

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