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S. Korea court upholds fine for airline surcharge

A Seoul court on Thursday ruled in favour of a decision by South Korea's fair-trade watchdog to fine 16 airlines millions of dollars for fixing fuel surcharges.

Seoul High Court rejected a demand from Thai Airways that the Fair Trade Commission withdraw its 2.1 billion won ($1.8 million) fine imposed on the company for price-fixing.

Related Research on ASDReports.com:
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"It is admitted that Thai Airways and other air transportation companies carried out price-fixing in introducing and raising fuel surcharges," the court said in a statement.

The ruling has been closely watched because it may affect a series of similar suits filed by the other airlines.

The commission hit 16 airlines including Thai Airways and South Korea's Korean Air and Asiana Airlines in 2010 with a total of 120 billion won in fines.

by Sardar Ahmad © 2012 AFP

Published on ASDNews: Jan 12, 2012

 

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