Air cargo companies fined for price fixing
A statement issued by the Commission and the European Commission Tuesday fined 11 carrier air cargo price-fixing, --.
The airline was fined a total of 799 million euros, or $ 1.1 billion, to run the organization in all parts of the world affected by the shipping services within the European Economic Area.
Carriers are Air Canada, Air France KLM, British Airways, Cathay Pacific, Cargolux, Japan Airlines, LAN Chile, Martinair, SAS, Singapore Airlines and Qantas.
"It is unfortunate that many of the major airlines coordinated special pricing at the expense of European companies and European consumers," said Joaquin Almunia, the Vice President for European competition, in the statement. He said the decision "sends a clear message that it will not tolerate behavior cartel."
Bribes to air cargo security risks caused
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* European Commission
The committee said "carriers to coordinate their work on additional charges for fuel and security without discounts over a period of six years."
The committee's statement said that "OPEC members coordinate the various elements of the price" of December 1999 to February 2006.
"Consists of arrangements of the Organization of many of the communication between carriers, both bilateral and multilateral, covering flights to and from within the European Economic Area. Airways provide air cargo services primarily to the transfer of goods for freight forwarders, which arrange the transfer of such goods, including related services and procedures on behalf of the shippers, "said UNHCR.
The Sub-Commission on Lufthansa, Swiss, and got full immunity because it was the first to pass along information about the cartel.
British Airways said its share of the fine is 104000000 €, or $ 144 million, in the case which has been ongoing for three years.
The company said it had already identified aside £ 350,000,000, which amounts to $ 564 million, for any possible fines. He was so death will not affect the economic stability of the company.
The airline was fined a total of 799 million euros, or $ 1.1 billion, to run the organization in all parts of the world affected by the shipping services within the European Economic Area.
Carriers are Air Canada, Air France KLM, British Airways, Cathay Pacific, Cargolux, Japan Airlines, LAN Chile, Martinair, SAS, Singapore Airlines and Qantas.
"It is unfortunate that many of the major airlines coordinated special pricing at the expense of European companies and European consumers," said Joaquin Almunia, the Vice President for European competition, in the statement. He said the decision "sends a clear message that it will not tolerate behavior cartel."
Bribes to air cargo security risks caused
Related Topics
* European Commission
The committee said "carriers to coordinate their work on additional charges for fuel and security without discounts over a period of six years."
The committee's statement said that "OPEC members coordinate the various elements of the price" of December 1999 to February 2006.
"Consists of arrangements of the Organization of many of the communication between carriers, both bilateral and multilateral, covering flights to and from within the European Economic Area. Airways provide air cargo services primarily to the transfer of goods for freight forwarders, which arrange the transfer of such goods, including related services and procedures on behalf of the shippers, "said UNHCR.
The Sub-Commission on Lufthansa, Swiss, and got full immunity because it was the first to pass along information about the cartel.
British Airways said its share of the fine is 104000000 €, or $ 144 million, in the case which has been ongoing for three years.
The company said it had already identified aside £ 350,000,000, which amounts to $ 564 million, for any possible fines. He was so death will not affect the economic stability of the company.
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