• European Commission Finds Airlines Guilty of Fixing Prices of Air Cargo and Imposes Fines of €799m
  • November 15, 2010 | Authors: Alasdair Balfour; Claire McComb
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson (London) LLP - London Office
  • Eleven airlines have been fined a total of €799m (approx. $1.1bn) as a result of the European Commission’s finding this week that they fixed the price of fuel and security surcharges on cargo flights worldwide. The European Commission has been investigating the industry since 2006 in an inquiry that covered a six-year period from December 1999 to February 2006.