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Emirates, Korean Air admit cargo price fixing

The New Zealand High Court has ordered Emirates Airline to pay $1.5m plus costs, after the Dubai-based carrier and other airlines admitted liability in an air cargo price-fixing case, The New Zealand Herald has reported. The alleged price-fixing has been the subject of antitrust process worldwide, with big settlements from multinational airlines in Europe and the US. Emirates admitted liability for the cargo flown from Indonesia over a three-year period. The carrier's penalty included a 25% discount for its early admission, the Commerce Commission said.