THAI shrugs off price-fixing penalty | Bangkok Post: news

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THAI shrugs off price-fixing penalty

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Thai Airways International (THAI) is shrugging off the financial impact of a fine of nearly 260 million baht levied by an Australian court for cartel price-fixing. 

On Friday last week, the Federal Court in Sydney ordered THAI to pay A$7.5 million (241 million baht) in penalties for engaging in cartel-like conduct in breach of the Trade Practices Act 1974, plus legal costs of $500,000.

The Australian Competition and Consumer Commission filed the lawsuit against THAI, which is the 13th international airline to have admitted to engaging in cartel-like conduct in Australia, and to have incurred penalties.

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