11 airlines win challenge against EU cargo cartel fines
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 1999 to February 2006, acting as a global cartel.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025