News / EC competition watchdog reimposes €776m fine for air cargo cartel carriers

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Ten airfreight carriers accused of being in a price-fixing cartel are to have annulled fines totalling €776m ($833m) levied once more after the EC announced it had reimposed the penalties.

In November 2010, the commission found 11 carriers guilty of fixing fuel and security surcharges at both a bi-lateral and multi-lateral level for seven years, between 1999 and 2006.

A twelfth carrier, Lufthansa, brought the cartel to the commission’s attention and, under the 2006 Leniency Notice, received full immunity – as did its subsidiary Swiss ...