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11 airlines win challenge against EU cargo cartel fines

Published Thu, Dec 17, 2015 · 09:50 PM

Luxembourg

AIR France-KLM and 10 other airlines have won a challenge against almost 800 million euros (S$1.2 billion) in fines for fixing air freight charges after Europe's second highest court said that it had found contradictions in the EU decision.

The European Commission said in a 2010 finding that 11 air cargo carriers fixed surcharges for fuel and security costs from December…

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Companies & Markets

11 airlines win challenge against EU cargo cartel fines

Transport & Logistics

GM CEO Barra compensation fell 4% in 2023 to US$27.8 million

Boeing reports first revenue drop in 7 quarters as deliveries decline

Volkswagen to keep China market share stable as price war rages

COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill

Tesla profits tumble but shares rise on new vehicle plan

Volvo Cars see good demand this year after higher Q1 unit sales

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