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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sky and Space Company Ltd | ASX:SAS | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.028 | 0.032 | 0.028 | 0.00 | 01:00:00 |
From May 2019 to May 2024
The European Commission Tuesday fined 11 airlines a total of EUR799 million for forming a global cartel to fix air-freight tariffs, mainly fuel surcharges.
Air France KLM SA (AF.FR) received the largest fine with EUR310 million, as well as the fine to Netherlands-based Martinair, which it now owns. British Airways PLC (BAY.LN) was fined EUR104 million.
Other airlines fined include Singapore Airlines Ltd. (C6L.SG), Qantas Airways Ltd. (QAN.AU), Cathay Pacific Airways Ltd. (0293.HK), Japan Airlines International Co., Scandinavian airline SAS AB (SAS.SK), LAN Chile (LAN.SN), Cargolux and Air Canada (AC.B.T).
Deutsche Lufthansa AG (LHA.XE) wasn't fined because it acted as a whistle-blower in the case, the commission said.
Many countries around the world, from South Africa to New Zealand, have been investigating issues related to price fixing in air cargo. In the U.S., total fines of more than $1.5 billion were levied against airlines that acknowledged fixing fuel surcharges, and eighteen airlines have been charged.
-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
1 Year Sky and Space Chart |
1 Month Sky and Space Chart |
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