EU Renews $834M In Air Cargo Cartel Fines On 11 Carriers

Law360, New York (March 17, 2017, 1:34 PM EDT) -- The European Union’s antitrust watchdog on Friday reinstated some €776 million ($834 million) in fines on 11 carriers it accuses of conspiring to fix prices on air cargo, after an EU court struck them down in 2015.

The commission readopted its 2010 determination that the companies had violated EU antitrust law by participating in a price-fixing cartel that lasted more than five years. The players included some of the world’s largest airlines, such as Air France-KLM, British Airways and Lufthansa, according to the EC.

The fines...
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