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EU re-imposes $835 million cartel fine on air cargo firms

EU re-imposes $835 million cartel fine on air cargo firms

BRUSSELS (AP) — The European Union has re-imposed a fine on 11 air cargo companies totaling $835 million after the original decision was thrown out by a high court on a procedural issue.

After the initial fine had been annulled in 2015, the European Commission said Friday it fixed the original error and decide to re-establish the fines since the EU's General Court never rejected the antitrust case as such.

Among the 11 companies, Air France was fined $197 million and its strategic partner KLM $137 million. British Airways now faces a $112 million fine.

The Commission found that the companies colluded to fix the level of fuel and security surcharges.


Updated : 2021-10-17 05:49 GMT+08:00