7 Jun 2014

Air NZ wins costs in price-fixing case

5:51 am on 7 June 2014

Air New Zealand appears to have emerged unscathed from large-scale legal action in Australia.

It was one of several airlines accused of fixing the prices payable for air cargo, and faced a $220 million class action across the Tasman.

The Australian law firm Maurice Blackburn, which took the class action, has announced it has settled the claim for more than $41.66 million.

However in a statement to the New Zealand Stock Exchange, Air New Zealand says it is not making any payment as part of that settlement.

In fact, it's getting a $3.2 million contribution towards its legal costs.

Air New Zealand has consistently denied engaging in anti-competitive practices.

A related case brought by the Australian Competition and Consumer Commission is being defended by Air New Zealand, as is a class action in the United States.