Australian Court Declines Air Cargo Appeal
Stock exchange listings: New Zealand (NZX: AIR) / Australia (ASX: AIZ) / ADR (OTC: ANZLY)
MARKET ANNOUNCEMENT
Air New Zealand postal address: Private Bag 92007, Auckland, 1142, New Zealand
Investor Relations email: investor@airnz.co.nz
Investor website: www.airnewzealand.co.nz/investor
27 June 2018
Australian Court Declines Air Cargo Appeal
The Federal Court has today ordered Air New Zealand to pay A$15 million in penalties
in relation to a previous decision of the High Court of Australia that the Company had
breached Australian law in applying fuel and security charges to cargo transported from
Hong Kong and Singapore to Australia in the period 2000 – 2006 (please refer to release
dated 14 June 2017). Air New Zealand has also agreed to pay A$2 million towards the
ACCC’s legal costs.
The penalty will not impact previous guidance given by the Company related to 2018
earnings before taxation.
Ends.
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