Stock News - Singapore Airlines Fined NZ$4.1 mln for Price Fixing

Singapore Airlines Ltd was fined NZ$4.1 million ($3.4 million) by a New Zealand court for its part in a cargo price-fixing cartel over a period of nearly four years.
The New Zealand competition watchdog said SIA Cargo, a unit of Singapore Airlines, had admitted liability for agreeing fuel and security surcharges in Indonesia and Malaysia for cargo flown to the country.