15 NOVEMBER 2010

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Article from BTNews 15 NOVEMBER 2010

Cargo cartel broken

Air France has topped a list of 11 airlines fined by the EU for cargo price fixing.  Others involved include Air Canada, British Airways, Cargolux, Cathay Pacific, Japan Airlines, KLM, LAN Chile, Martinair, Qantas, SAS and Singapore Airlines.  The decision leaves the carriers vulnerable to major compensation claims .

The EU Competition Commission said the cartel was “deplorable” and fined the companies €799m (£688.4m) in total, following a four-year investigation. 

Lufthansa, which blew the whistle on the secret deals, was found guilty of price fixing but was not given a fine.  BA said that provision had been made for a possible fine in 2006. http://ec.europa.eu/competition/index_en.html

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