Qantas Airways Ltd says it has reached a settlement with the New Zealand Commerce Commission in relation to price fixing in its freight division. Qantas said the terms of the settlement are confidential, but it does include a recommendation to the New Zealand High Court that Qantas pay a fine of $NZ6.5 million ($A4.79 million). The airline said it would plead guilty to participating in a cartel with other international airlines, including Air New Zealand, between 2000 and 2006, at a penalty hearing set for April 11.