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The ACCC alleged that between 2001 and 2006, Thai Airways entered into arrangements or understandings with other international air cargo carriers in specific countries that had the purpose or effect of fixing the price of fuel surcharges and security surcharges that were applied to air cargo carried by Thai Airways and other airlines. The ACCC ...
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Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
Thai Airways International plc (Thai: บริษัท การบินไทย จำกัด (มหาชน)) is the flag carrier airline of Thailand. [6] [7] [8] Formed in 1961 as a joint venture between SAS and Thai Airways Company, the airline has its corporate headquarters in Vibhavadi Rangsit Road, Chatuchak district, Bangkok, [9] [10] and primarily operates from Suvarnabhumi ...
The International Air Transport Association (IATA / aɪ ˈ ɑː t ə /) is an airline trade association founded in 1945. [5] IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff conferences that served as a forum for price fixing.
Singapore Airlines Cargo's price fixing was in violation of the Sherman Act, which carries a maximum fine for corporations of US$100 million. [12] [13] In December 2013, Singapore Airlines Cargo agreed to settle over the issue of price fixing in the United States, without admitting to any wrongdoing or liability.
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Thai Airways International Flight 620 This page was last edited on 17 February 2021, at 06:19 (UTC). Text is available under the Creative Commons Attribution ...