ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

CPCAY Cathay Pacific Airways Ltd (PK)

5.02
-0.13 (-2.52%)
02 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Cathay Pacific Airways Ltd (PK) USOTC:CPCAY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.13 -2.52% 5.02 5.00 5.15 5.07 5.00 5.07 18,335 21:00:17

EU Court Overturns Decision to Fine Airlines in Cartel Case

16/12/2015 3:52pm

Dow Jones News


Cathay Pacific Airways (PK) (USOTC:CPCAY)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Cathay Pacific Airways (PK) Charts.
By Tom Fairless 

BRUSSELS--The European Union's second-highest court has overturned a decision to impose EUR790 million ($864 million) of fines on more than a dozen airlines including Air France KLM and British Airways for operating an airfreight cartel.

The Luxembourg-based General Court of the EU said the European Commission's 2010 decision was contradictory because it accused all the carriers of operating a single cartel, but only highlighted actual legal infringements by some carriers on some routes.

The court's decision can be appealed at the European Court of Justice, the EU's highest court, on "points of law only," the General Court said in a statement.

If the ruling is confirmed, or goes uncontested, Air France KLM and British Airways could each avoid more than EUR100 million of antitrust fines.

The other airlines allegedly involved in the cartel are Air Canada, Société Air France, Koninklijke Luchtvaart Maatschappij, Cargolux Airlines International, Cathay Pacific Airways, Japan Airlines Corp., Latam Airlines Group, Deutsche Lufthansa, Martinair Holland, Qantas Airways, SAS and Singapore Airlines.

Write to Tom Fairless at tom.fairless@wsj.com

 

(END) Dow Jones Newswires

December 16, 2015 10:37 ET (15:37 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

1 Year Cathay Pacific Airways (PK) Chart

1 Year Cathay Pacific Airways (PK) Chart

1 Month Cathay Pacific Airways (PK) Chart

1 Month Cathay Pacific Airways (PK) Chart

Your Recent History

Delayed Upgrade Clock