Cargolux confirmed on Tuesday it will appeal the European Commission’s penalty of €79.9 million ($109.4 million) for allegedly taking part in an international airfreight cartel. In 2010, the EC imposed fines totaling €799 million on 11 companies for their involvement in fixing fuel surcharges and security costs from 1996 to 2003.
“At this stage Cargolux does not wish to make any further comments on this pending case,” Europe’s largest all-cargo airline stated.
Separately, Cathay Pacific Airways said Tuesday it had appealed the EC’s decision to fine its €457.1 million for cargo price fixing.
Here's a hot tip ... stop jacking over your pilots in order to increase profitability and start playing by the rules to avoid fines like above ....
Managers involved incurring such massive fines should be tied to a pole and set on fire.