Several major airlines have lost their appeal against antitrust fines imposed by the European Union totaling more than 770 million euros (approximately $910 million), according to a ruling handed down today by the European Union’s highest court.
The European Court of Justice has dismissed 12 of 13 appeals brought by airlines against fines imposed by the European Commission for illegal price fixing.
A Luxembourg judge partially granted her appeal, saying there had been an error in calculating the fine imposed on her, and the fine was reduced.
price complex
The European Commission imposed sanctions between 1999 and 2006 for its membership in a price-setting bloc, which imposed fuel and safety surcharges and refused to pay shipping agents fees for these surcharges.
Today’s judgment ends a 15-year legal dispute, overturning the European Commission’s original decision in 2010 and leading to a revised judgment in 2017, which is now upheld.
Several major airlines have lost their appeals against antitrust fines imposed by the European Union totaling more than 770 million euros ($910 million), according to a ruling handed down today by the EU’s top court.
The European Court of Justice has dismissed 12 of 13 appeals brought by airlines against fines imposed by the European Commission for illegal price fixing.
A Luxembourg judge partially granted the appeal because there was an error in calculating the fine imposed, leading to a reduced sentence.
price cartel
Between 1999 and 2006, the European Commission imposed penalties for participation in price cartels, covering additional charges such as fuel and security charges, and the refusal to pay carriers a commission on these charges.
Today’s judgment ends a 15-year legal dispute, annuling the European Commission’s original decision in 2010 and leading to a revised judgment in 2017, which is now upheld.
