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EC PUNISHES 11 AIRLINES WITH €800 MILLION FINE FOR CARGO CARTEL

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EC PUNISHES 11 AIRLINES WITH €800 MILLION FINE FOR CARGO CARTEL

The European Commission has fined 11 European carriers a total of €799.5 million for participating in an air cargo cartel. The airlines were charged with colluding over setting fuel and security charges in the period immediately after 9/11 until 2006, which the EC alleges resulted in increased pri...

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