Jan 15, 2014

COMCO orders 11 airline companies to pay fines

The Swiss Competition Commission (COMCO), the antimonopoly agency of Switzerland, on January 10 ordered 11 airline companies to pay a fine totaling CHF 11 million for forming a price cartel on airfreight transport charges, fuel surcharges, U.S. customs clearance charges and other fees in violation of the antimonopoly law.

The airlines that were fined by COMCO are Korean Air Lines, Atlas Air Worldwide Holdings (for its subsidiary Polar Air Cargo), AMR Corporation (American Airlines), United Continental Holdings, SAS (Scandinavian Airlines), Japan Airlines (JAL), Singapore Airlines, Cathay Pacific Airways, Cargolux Airlines International, British Airways and Air France-KLM. Lufthansa Airlines of Germany and its subsidiary Swiss International Air Lines were exempted from the sanctions for being the first to report about the cartel.

After the legal procedures began, British Airways, Cathay Pacific Airways, JAL, Air France-KLM and Cargolux Airlines filed a leniency application with COMCO.

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