AIR FRANCE - KLM: New decision of the European Commission against air cargo carriers
March 17 2017 - 7:32AM
Roissy, 17 March 2017
New decision of
the European Commission against air cargo carriers regarding
practices considered to be anti-competitive between December 1999
and February 2006
On March 17, 2017, the
European Commission issued a new decision against 11 air
cargo carriers, including Air France, KLM and Martinair, regarding
practices in the air cargo sector which are considered to be
anti-competitive and relate to the period between December 1999 and
February 2006.
This new decision follows the 16
December 2015 annulment by the General Court of the European Union
of the European Commission's initial decision of 9 November 2010,
relating to these same practices and concerning the same carriers.
This initial decision had been annulled in full because it
contained a contradiction regarding the exact scope of the
practices sanctioned.
The total amount of fines imposed
on the Air France-KLM Group is 325 million euros. This amount has
been slightly reduced as compared to the initial decision owing to
a lower fine for Martinair due to technical reasons.
Air France-KLM will analyse the
new decision, and the advisability of appealing it before the
General Court of the European Union.
These fines have been fully
covered in the financial accounts since 2010. At 31 December 2016,
the corresponding provisions amounted to 340 million euros.
In any event, Air France-KLM
confirms its commitment to comply strictly with the competition
rules, while constantly ensuring the effectiveness of the
prevention system implemented within Group divisions within the
framework of its general compliance policy.
Investor
relations
Press contact
Marie-Agnès de
Peslouan
Dirk Voermans
+33 1 49 89 52 59
+33 1 49 89 52
60
+33 1 41 56 56 00
madepeslouan@airfranceklm.com
divoermans@airfranceklm.com
www.airfranceklm.com
AIR FRANCE - KLM: New decision of
the European Commission
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information contained therein.
Source: AIR FRANCE - KLM via Globenewswire
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