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EU court backs Air France-KLM, other airlines in cartel challenge

Published 2015-12-16, 09:00 a/m
© Reuters. EU court backs Air France-KLM, other airlines in cartel challenge
LHAG
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AIRF
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0293
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QAN
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SIAL
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ICAG
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SASs
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AC
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9201
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LUXEMBOURG, Dec 16 (Reuters) - Europe's second highest court
backed on Wednesday a challenge by Air France-KLM AIRF.PA and
other airlines against a near 800 million-euro ($873.9 million)
cartel fine handed down to the group five years ago for fixing
prices of air cargo.
"The General Court annulled the decision by which the
Commission imposed fines amounting to approximately 790 million
euros on several airlines for their participation in a cartel on
the air freight market," the General Court said in its ruling.
The European Commission in its 2010 decision said that 11
air cargo carriers fixed surcharges for fuel and security from
December 1999 to February 2006.
The other carriers were Air Canada AC.TO , KLM, Martinair,
British Airways ICAG.L , Cargolux, Cathay Pacific Airways
0293.HK , Japan Airlines 9201.T , LAN Chile, Qantas QAN.AX ,
SAS SAS.ST and Singapore Airlines SIAL.SI . Lufthansa
LHAG.DE escaped a sanction because it blew the whistle on the
cartel.
Air France took the biggest hit with a fine of 182.9 milion
euros while KLM came in second at 127.2 million euros. The two
carriers merged to form Air France-KLM in 2004.
($1 = 0.9143 euros)

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