This is a discussion on SIA Cargo to contest fine within the Local & Foreign Issues forum, part of the Community Lounge category; SINGAPORE Airlines' freighter arm is to appeal against a 74.8 million euros (S$134 million) fine imposed on it by the ...
SINGAPORE Airlines' freighter arm is to appeal against a 74.8 million euros (S$134 million) fine imposed on it by the European Commission for alleged price-fixing.
On Tuesday, the European Commission fined 11 airlines a total of 799.5 million euros for their participation in what was said to be an air cargo cartel.
SIA, Japan Airlines, Cathay Pacific, Qantas, Air Canada, Air France/KLM and British Airways were among those accused of fixing fuel and security surcharges over a period of more than six years.
These charges are usually payable by freight forwarders who book cargo space on aircraft and shippers that transport goods.
Such moves to fix prices is anti-competitive and against the principles of a free market, the authorities said.
The Commission's vice-president for competition Joaquin Almunia said in a statement: 'It is deplorable that so many major airlines coordinated their pricing to the detriment of European businesses and European consumers...With today's decision, the Commission is sending a clear message that it will not tolerate cartel behaviour.'
SIA Cargo to contest fine