Air France-KLM to BA Said to Face Renewed EU Antitrust Fines
- EU plans to reimpose penalties thrown out by court in 2015
- Airlines failed to broker settlement to limit fines, liability
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Air France-KLM Group, British Airways and a handful of other carriers may face multimillion-euro antitrust fines from European Union regulators within weeks after attempts to broker a settlement failed, according to people familiar with the case.
EU Competition Commissioner Margrethe Vestager is seeking to re-impose penalties of almost 800 million euros ($844 million) for a cargo cartel that were thrown out on procedural grounds by an EU court in 2015, said the people, who asked not to be named because the process isn’t public. The final amount of the fines could differ slightly from those imposed earlier, they said.