EU Fine Hits Carriers Again

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Vol. 16 No. 40	Monday May 1, 2017

EU Fine Hits Carriers Again

     Last month the European Union levied a $835 million (776 million Euro) fine on air cargo companies for colluding to fix the level of fuel and security surcharges. It was first slapped on Air Canada, Air France-KLM, British Airways, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, Martinair, Qantas, SAS, and Singapore Airlines before a court threw it out.
     But down is not out, so with a few tweaks in the legal language, the European Union re-imposed the fines.

Same Old Song

The EU Commission that handles these things once again declared that the companies colluded to fix the level of fuel and security surcharges between 1999 and 2006.
Expect several appeals although in most cases these fines were laid aside and accounted for a long time ago.
Geoffrey

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