Korean Air is the latest carrier to settle with the Australian government over price-fixing allegations, with court action expected to begin in earnest next year for the remaining six airlines in the case. The Australian Federal Court set a penalty of AU$5.5 million ($5.46 million) for Korean. The penalty was lowered because the carrier agreed to cooperate with the Australian Consumer and Competition Commission (ACCC) in its investigation. Korean is the eighth carrier to settle, and ...


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