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


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

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.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.
    Newsletter Signup

    KSL Weather Forecast

    KSL Weather Forecast
    Play button