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11 airlines fined €776 million for cargo cartel

  • 17-03-2017 10:16pm
    #1
    Gaoth Laidir
    Registered Users, Registered Users 2 Posts: 8,261 ✭✭✭


    http://www.msn.com/en-ie/money/news/ba-among-airlines-fined-for-cargo-cartel/ar-BByfIsg?li=AA56Yk&ocid=spartandhp
    The European Commission has fined eleven airlines, including British Airways, a total of €776m (£674m) over an alleged air cargo cartel.

    BA, officials said, would pay just over €104m (£90.5m) for its part in the deception which involved collusion to fix the level of fuel and security surcharges.
    Air France-KLM was worst hit, ordered to pay €310m (£270m)...

    Seems like a cosy system, or is this the fine over the top?


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