EU top court should reject Air France-KLM cartel fine appeal, court adviser says
By Foo Yun Chee
BRUSSELS, Sept 5 (Reuters) -Europe's top court should reject an appeal by Air France KLM AIRF.PA and its Dutch unit KLM, British Airways ICAG.L, Singapore Airlines SIAL.SI 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' SAS.ST 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 LHAG.DE, 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 AC.TO, Japan Airlines 9201.T, Cathay Pacific Airways 0293.HK, Latam Airlines Group and its subsidiary Lan Cargo, and Cargolux CLUX.UL.
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.
Reporting by Foo Yun Chee; Editing by Hugh Lawson
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
