A PYMNTS Company

EU: Regulators set to fine Air France and KLM

By  |  March 12, 2017

EU antitrust regulators are set to hand down hefty fines to Air France-KLM, British Airways and other carriers, more than a year after an EU court rejected a 2010 sanction totalling almost $843 million, two people familiar with the matter said on.

    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.

    The Luxembourg-based General Court, Europe’s second highest, said the European Commission’s 2010 decision on 11 air cargo carriers contained contradictions.

    Air Canada, Martinair, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, SAS and Singapore Airlines challenged the 2010 decision in court, while Qantas did not.

    Lufthansa alerted the cartel to the Commission, staving off a fine.

    The EU competition enforcer attempted to settle the case with the airlines earlier this month but failed to reach a deal as the companies could not agree on a single set of conditions, the people said.

    Full Content: Bloomberg

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