financetom
Business
financetom
/
Business
/
EU top court should reject Air France-KLM cartel fine appeal, court adviser says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU top court should reject Air France-KLM cartel fine appeal, court adviser says
Sep 6, 2024 12:53 PM

BRUSSELS, Sept 5 (Reuters) - Europe's top court should

reject an appeal by Air France KLM and its Dutch unit

KLM, British Airways, Singapore Airlines and

some of their peers against cartel fines imposed by EU antitrust

regulators in 2017, an adviser to the court said on Thursday.

The European Commission seven years ago reissued fines

totalling 776 million euros to 11 airlines for taking part in a

cartel to fix air cargo prices, after the Luxembourg-based

General Court scrapped its first decision levied in 2010 due to

a procedural error.

The carriers took their grievance back to the lower tribunal

which threw out their challenges in 2022, prompting them to

appeal to the Court of Justice of the European Union (CJEU).

The court's judges should dismiss their appeals, CJEU

Advocate General Athanasios Rantos said in a non-binding

opinion, as he sided with the EU competition enforcer.

He said SAS' appeal for a cut in its fine should be

referred back to the General Court to be reviewed.

The CJEU, which usually follows the majority of such

recommendations, will rule in the coming months.

Air France-KLM's fine was the highest at 182.9 million

euros, followed by KLM at 127.1 million. Lufthansa,

which avoided a fine after it alerted the EU watchdog to the

cartel, had also appealed the decision because it disagreed with

the Commission's legal arguments.

The EU watchdog said the cartel fixed air freight services,

fuel and security surcharges from December 1999 to February

2006.

The other airlines which appealed the EU fines are Air

Canada ( ACDVF ), Japan Airlines ( JPNRF ), Cathay Pacific Airways ( CPCAF )

, Latam Airlines Group and its subsidiary Lan Cargo,

and Cargolux.

The cases are C-367/22 P Air Canada v Commission, C-369/22 P

Air France v Commission, C-370/22 P Air France-KLM v Commission,

C-375/22 P LATAM Airlines Group and Lan Cargo v Commission,

C-378/22 P British Airways v Commission, C-379/22 P Singapore

Airlines and Singapore Airlines Cargo v Commission, C-380/22 P

Deutsche Lufthansa and Others v Commission, C-381/22 P Japan

Airlines v Commission, C-382/22 P Cathay Pacific Airways v

Commission, C-385/22 P Koninklijke Luchtvaart Maatschappij v

Commission, C-386/22 P Martinair Holland v Commission, C-401/22

P Cargolux Airlines v Commission and C-403/22 P SAS Cargo Group

and Others v Commission.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
'Genshin Impact' maker settles US charges of violating children's privacy
'Genshin Impact' maker settles US charges of violating children's privacy
Jan 17, 2025
WASHINGTON (Reuters) - Cognosphere, the maker of anime-style fantasy video game Genshin Impact, has agreed to pay $20 million and block children under age 16 from making in-game purchases without parental consent to settle U.S. Federal Trade Commission allegations that the company violated a children's privacy law. Cognosphere allegedly unfairly marketed loot boxes to children that obscured real costs and...
Procter & Gamble's Fiscal Q2 Earnings May Fall Short of Expectations Amid Headwinds, UBS Says
Procter & Gamble's Fiscal Q2 Earnings May Fall Short of Expectations Amid Headwinds, UBS Says
Jan 17, 2025
03:20 PM EST, 01/17/2025 (MT Newswires) -- Procter & Gamble's ( PG ) fiscal Q2 earnings may miss consensus estimates, UBS said Friday in a note, adding that a key issue is how the company will approach its full-year guidance taking into account recent headwinds. For fiscal Q2, UBS analysts said they believe the bar remains quite low in the...
Revance Rallies after Crown Labs Boosts Buyout Offer
Revance Rallies after Crown Labs Boosts Buyout Offer
Jan 17, 2025
03:34 PM EST, 01/17/2025 (MT Newswires) -- Revance Therapeutics ( RVNC ) climbed almost 12% on Friday, after saying privately-held suitor Crown Laboratories raised its buyout offer for the neuromodulator maker to $3.65 per share. Based on its 104.4 million outstanding shares, the revised offer - which is set to expire at 4:10 p.m. ET on Friday - comes to...
United Airlines donates $1 million to Trump inaugural fund
United Airlines donates $1 million to Trump inaugural fund
Jan 17, 2025
WASHINGTON, Jan 17 (Reuters) - United Airlines said on Friday it is donating $1 million to President-elect Donald Trump's inaugural committee and said that CEO Scott Kirby plans to attend various events over the long holiday weekend, through Trump's inauguration on Monday. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved