After a seven-year investigation, Switzerland has fined 11 airlines 11 million Swiss francs (US$12.2 million) for air cargo price-fixing. The charges relate to the period between 2000 and 2005 and involve colluding on freight rates, fuel surcharges, war risk surcharges, customs clearance surcharges for the U.S. and surcharge commissioning. Air France-KLM Highest Of the 11, the Swiss Competition Commission (Comco) imposed the highest fine on Air France-KLM, at 3.9 million Swiss ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Citing Price-Fixing, Switzerland Fines Cargo Airline Cartel $12M".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.