Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


High Court OKs Commerce Commission on air cargo cartel case

High Court gives Commerce Commission go-ahead on air cargo case

by Paul McBeth

Aug. 26 (BusinessDesk) – The High Court has given the Commerce Commission leave to pursue its air cargo cartel case against airlines and freight forwarders after agreeing there was a local market for the services.

Judge Raynor Asher and lay member economist Martin Richardson agreed with the regulator that New Zealand’s inbound cargo services were covered by the local courts.

“We cannot accept that the legislature in referring to competition in markets in New Zealand intended to limit any assessment of that competition only to domestic factors in New Zealand,” the judgment said.

“That doesn’t seem to be in accord with the facts and common sense. Such an approach could lead to capricious results,” it said.

Air New Zealand Ltd., Japan Airlines International Co., Emirates, Malaysian Airlines System Berhad Ltd., Korean Airlines Co., Thai Airways International Public Co., Singapore Airlines Ltd. & Singapore Airlines Cargo Pte., and Cathay Pacific Airways Ltd. contended that inbound air cargo didn’t come under New Zealand jurisdiction. They didn’t dispute outbound cargo.

The second phase of the trial will begin next year.

(BusinessDesk) 17:22:33

© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>

MBIE: 36th America’s Cup Post-event Reports Released

Post-event reporting on the 36th America’s Cup (AC36) has been released today. The reports cover the delivery of the event by Crown, Council and America’s Cup Event Limited, economic impacts for Auckland and New Zealand, and delivery of critical infrastructure... More>>

Fonterra: Farmer Feedback Set To Shape Revised Capital Structure Proposal

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward in the Consultation Booklet in May... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>