Singapore Airlines said on Tuesday it paid a fine of ZAR25 million rand (USD$3.29 million) to settle a South African investigation into price-fixing of flights between Johannesburg and Hong Kong.
South African Airways was fined ZAR18.8 million rand, the Competition Commission of South Africa said in a statement that described the violations by the two carriers. Singapore Airlines (SIA) did not mention the reason in its statement.
"Once the settlement agreement is confirmed by the South African Competition Tribunal, this will bring the Competition Commission's investigation to a close for Singapore Airlines," the carrier said.
In 2010, SIA and 10 other airlines were fined a total of EUR€799 million (USD$1.06 billion) by the European Commission for fixing cargo prices. SIA said it may appeal that decision but paid a fine of EUR€74.8 million.