EU fines Air France-KLM, British Airways, and 9 other airlines 776 million euros

Air France-KLM, British Airways and nine other airlines were hit with a 776 million euro ($835.5 million) fine by EU antitrust regulators on Friday (March 17) for taking part in an air cargo cartel more than a decade ago.

The European Commission re-imposed the penalties after Europe’s second highest court in 2015 annulled the EU executive’s 2010 decision due to a procedural error. The Commission in its 2010 finding said the cartel fixed air freight services, fuel and security surcharges between December 1999 and February 2006. The Commission said it had fixed the procedural error cited by the court.

The fines were unchanged for all the airlines except for the amount due from Martinair, cut to 15.4 million euros from the 29.5 million euro amount set in 2010.

Air France was fined 182.9 million euros, the highest, followed by KLM at 127.1 million, British Airways at 104.4 million, Cargolux at 79.9 million and Singapore Airlines at 74.8 million.

Other carriers penalized were Air Canada, Cathay Pacific Airways, Japan Airlines, LAN Chile and SAS. SAS said it would appeal against the new decision. Lufthansa, along with subsidiary Swiss International Airlines, escaped a fine as it alerted the EU competition authority about the cartel.

(REUTERS)

 
 

Li Weixun: Rescued From Hell

Li Weixun: Rescued From Hell
READ MORE >
 
RECOMMENDED ARTICLE

When lion lies down with the little lamb

When lion lies down with the little lamb
READ MORE >
 
 

Trump Targets Amazon Over Sales Tax and Retail Jobs

Trump Targets Amazon Over Sales Tax and Retail Jobs
Amazon and its founder Jeff Bezos have been frequent targets of President Donald Trump, who calls the online ...
READ MORE >
 

North Korea Photos Reveal New Solid-Fuel Missile Program

North Korea Photos Reveal New Solid-Fuel Missile Program
North Korea's state media released photos Wednesday that appear to show the designs of one or possibly two ...
READ MORE >
 
US

US Navy Relieves Seventh Fleet Commander in Wake of Collisions in Asia

US Navy Relieves Seventh Fleet Commander in Wake of Collisions in Asia
WASHINGTON/TOKYO—The U.S. Navy on Wednesday said it had removed SeventhFleet Commander Vice Admiral Joseph Aucoin after a series of ...
READ MORE >
 

Typhoon batters Hong Kong and South China, 3 dead in Macau

Typhoon batters Hong Kong and South China, 3 dead in Macau
HONG KONG—Typhoon Hato, a maximum category 10 storm, slammed into Hong Kong on Wednesday lashing the Asian financial ...
READ MORE >
 

This epic dad will dance with his daughter when mom isn’t home

This epic dad will dance with his daughter when mom isn’t home
When Rujeana, mother of two small children wasn't home her husband had to take care of the children. Normally hilarious ...
READ MORE >