EC imposes stiff fines on air cargo carriers
The European Commission (EC) has re-adopted a cartel decision against eleven air cargo carriers and imposed a fine totalling EUR 776 million for operating a price–fixing cartel. The Commission's original decision was annulled by the EU’s general court on procedural grounds.
Commissioner Margrethe Vestager, said: “Millions of businesses depend on air cargo services, which carry more than 20% of all EU imports and nearly 30% of EU exports. The EC’s decision ensures that the companies who were involved in the cartel are sanctioned for their behaviour.”
In November 2010, the EC first imposed fines of nearly EUR 800 million on eleven cargo carriers who fixed prices from December 1999 to February 2006.
The companies were Air Canada, Air France-KLM, British Airways, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, Martinair, Qantas, SAS and Singapore Airlines. A 12th cartel member, Lufthansa, and its subsidiary, Swiss International Air Lines, received full immunity from fines. (ah)