LONDON -
British Airways could be fined up to €80 million ($144 mil-lion) next month for fixing cargo prices with other carriers, a source with direct knowledge of the case said yesterday.
The European Commission charged BA,
Air France-KLM, SAS and several other airlines in December 2007 with taking part in an air freight cartel. The EU watchdog is expected to announce penalties for the carriers on Nov 9, several sources have told Reuters.
The Commission has not identified the targets of its probe, but BA, Lufthansa, SAS, Air France-KLM, Japan Airlines,
Cathay Pacific, Japan Airlines, All Nippon Airways, Air Canada and Alitalia all confirmed they had been investigated.
The probe initially targeted more than 20 carriers, including
Qantas,
Singapore Airlines, Korean Air, Cargolux, Malaysia Airlines and Alitalia, but not all are expected to be found guilty.
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