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EU slaps fines on 12 airlines for cargo cartel

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by Reuters

Brussels – Air France-KLM, British Airways and nine other airlines were hit with a 776 million euro ($835.5 million) fine by EU antitrust regulators on Friday for taking part in an air cargo cartel more than a decade ago.

The European Commission re-imposed the penalties after Europe’s second highest court in 2015 annulled the EU executive’s 2010 decision due to a procedural error.

The fines were unchanged for all the airlines except for the amount due from Martinair – cut to 15.4 million euros ($16.53 million)from the 29.5 million euro ($31.67 million) amount set in 2010.Air France was fined 182.9 million euros ($196.32 million), the highest, followed by KLM at 127.1 million ($136.43 million), British Airways at 104.4 million ($112.06 million), Cargolux at 79.9 million ($85.76 million)and Singapore Airlines at 74.8 million ($80.29 million).Other carriers penalized were Air Canada, Cathay Pacific Airways, Japan Airlines, LAN Chile and SAS. Lufthansa, along with subsidiary Swiss International Airlines, escaped a fine as it alerted the cartel to the EU competition authority.

The Commission said it had fixed the procedural error cited by the court.

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