SIA and 18 other airlines fined for price-fixing

[Megatop]

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[225]

I wonder what happens to all the money from the fines? In to government coffers?

[bmchris]

duplicate

[bmchris]

How is this discouraging to the airlines if they made 6.7 trillion won, but only pay fines of 120 billion won? It actually seems encouraging.

[boing]

How is this discouraging to the airlines if they made 6.7 trillion won, but only pay fines of 120 billion won? It actually seems encouraging.

I think it's meant to be more of a deterrent or a warning. In the worst case scenario, I suppose they might revoke their rights to fly there.

If i can remember, SQ Cargo also paid a similiar fine or two last year for a similiar case. Anyone knows how much it was ?

[bumblebee]

I wonder how they get the figures?