{"id":432,"date":"2016-01-06T06:28:10","date_gmt":"2016-01-06T06:28:10","guid":{"rendered":"http:\/\/www.cargotopakistan.co.uk\/blog\/?p=432"},"modified":"2019-04-11T13:06:30","modified_gmt":"2019-04-11T13:06:30","slug":"air-cargo-cartel-fines-of-e790m-overturned-by-eu-court","status":"publish","type":"post","link":"https:\/\/www.cargotopakistan.co.uk\/blog\/air-cargo-cartel-fines-of-e790m-overturned-by-eu-court\/","title":{"rendered":"Air Cargo Cartel Fines of \u20ac790m Overturned By EU Court"},"content":{"rendered":"<h1>11 airlines were accused of running an air cargo cartel in Europe and were fined \u20ac790m, that has recently been overturned by EU\u2019s second highest court<\/h1>\n<h2>The History of the case<\/h2>\n<p>In 2010, the European Commission antitrust authorities fined 11 airlines for running an air cargo cartel in Europe for more than six years.<\/p>\n<p>The General Court found out that the arguments the antitrust authorities had relied on were \u201ccontradictory\u201d and whatever evidence they had provided were of price fixing by smaller group of companies on specific routes, delivering <strong><a href=\"https:\/\/www.cargotopakistan.co.uk\/air-cargo.php\">air cargo to Pakistan<\/a><\/strong> and other countries around the globe.<\/p>\n<p>With this ruling, the EU competition authorities have faced second biggest setback within a month.<\/p>\n<p>The commission ran an inquiry about the conspiracy in the credit insurance market for four years but that also flopped and Brussels had to clear 13 major banks under investigation. The reason here was also \u201clack of evidence\u201d.<\/p>\n<h2>Why and when did it all started?<\/h2>\n<p>In 2006, the officials received some complaints about fuel surcharges and in seek of evidence, they raided the offices of several air cargo companies in the wake of inquiry into the airlines cartel.<\/p>\n<p>It was suspected that the companies were co-ordinating the pricing, ever since the case has been watched closely. The commission still has the right to appeal to the EU Court of Justice.<\/p>\n<p>In December 2007, a formal investigation was opened and as many as 20 air cargo carriers were probed but only 11 were fined later. For supplying information on the alleged cartel, <strong><a href=\"https:\/\/www.cargotopakistan.co.uk\/blog\/new-air-cargo-pricing-plan-set-by-swc-and-lufthansa\/\">Lufthansa cargo<\/a><\/strong> and its Swiss Airlines subsidiary were not penalised.<\/p>\n<h2>Who are the beneficiaries?<\/h2>\n<p>The biggest beneficiaries would be Air France, which was fined \u20ac182.9m, KLM with \u20ac127.2m, BA with \u20ac104m. Then there are other carriers who had been fined below \u20ac100m like Cargolux with \u20ac79.9m, Singapore Airlines with \u20ac74.8m, SAS with \u20ac70.2m,<\/p>\n<p>Cathay Pacific with \u20ac57.1m, JAL with \u20ac35.7m, <strong><a href=\"http:\/\/martinair.com\/\">Martinair<\/a><\/strong> with \u20ac29.5m, Air Canada with \u20ac21m, Qantas with \u20ac8.9m and LAN Chile with \u20ac8.2m if this decision on Wednesday\u2019s stands.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>11 airlines were accused of running an air cargo cartel in Europe and were fined \u20ac790m, that has recently been overturned by EU\u2019s second highest court The History of the case In 2010, the European Commission antitrust authorities fined 11 airlines for running an air cargo cartel in Europe for more than six years. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,2,4,5,49],"tags":[42,138,140,139,137],"class_list":["post-432","post","type-post","status-publish","format-standard","hentry","category-air-cargo","category-cargo","category-cargo-news","category-cargo-pkistan","category-courier","tag-air-cargo","tag-cargolux-cargo","tag-eu-court","tag-lufthansa-cargo","tag-martinair-cargo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Air Cargo Cartel Fines of \u20ac790m Overturned By EU Court - Cargo To Pakistan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cargotopakistan.co.uk\/blog\/air-cargo-cartel-fines-of-e790m-overturned-by-eu-court\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air Cargo Cartel Fines of \u20ac790m Overturned By EU Court - Cargo To Pakistan\" \/>\n<meta property=\"og:description\" content=\"11 airlines were accused of running an air cargo cartel in Europe and were fined \u20ac790m, that has recently been overturned by EU\u2019s second highest court The History of the case In 2010, the European Commission antitrust authorities fined 11 airlines for running an air cargo cartel in Europe for more than six years. 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