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

By The Associated Press | Posted - Mar. 17, 2017 at 5:30 a.m.



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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.

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The Associated Press

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