A PYMNTS Company

EU: $834M Air cargo cartel fines renewed

By  |  March 19, 2017

The European Union has re-imposed fines totalling 776 million euros, on 11 air cargo companies,  even though the EU’s high court threw out the original case in 2015 on a procedural issue.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In November 2010, the commission found 11 carriers guilty of fixing fuel and security surcharges at both a bi-lateral and multi-lateral level for seven years, between 1999 and 2006.

    A twelfth carrier, Lufthansa, brought the cartel to the commission’s attention and, under the 2006 Leniency Notice, received full immunity – as did its subsidiary Swiss International Airlines.

    Australian carrier Qantas accepted the verdict, but the other 10 challenged the decision, with the EU’s General Court annulling it on procedural grounds in December 2015.

    The annulment followed a discrepancy between the reasoning and operative parts of the decision, with the reasoning describing a single and continuous infringement covering all addressees.

    Full Content: New Europe

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.