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Monday, July 11, 2011

Small win for NZ

Air New Zealand have taken a small win with the US Department of Justice dropping them from the ongoing Grand Jury investigation into the international airline cargo cartel.
After five years of Air New Zealand defending its position and insisting it has done nothing wrong, US Department of Justice Federal Prosecutors have confirmed by letter that they have ended their investigation and Air New Zealand “is no longer a subject or target of the ongoing grand jury investigation”.
The end of the Department of Justice investigation follows successful outcomes for the airline last November when it was not among airlines fined by the European Commission and before that, confirmation from regulators in South Korea that Air New Zealand was not among airlines fined at the conclusion of their investigation.
However Air New Zealand are still  being investigated by the New Zealand Commerce Commission in relation to international air cargo pricing.

Read more from the Air New Zealand press release HERE

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