Monday May 28, 2012

JAPAN NEWS AND DISCUSSION

EU fines airlines $1.1 billion for cargo cartel

World Nov. 10, 2010 - 05:38AM JST ( 4 )

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

0

TumbleDryNov. 10, 2010 - 08:32AM JST

"BA said the fine doesn’t exceed the money it set aside in 2007 to cover potential antitrust penalties."

That explains everything.
0

mikehuntezNov. 10, 2010 - 09:27AM JST

So then if the companies can't get together and decide on a fair price is it the EU that is in total control of what the prices should be? Is the EU really a Nazi organization?
0

goodDonkeyNov. 10, 2010 - 03:55PM JST

mikehuntez at 09:27 AM JST - 10th November

So then if the companies can't get together and decide on a fair price is it the EU that is in total control of what the prices should be?

It is not a case of being either one of the possibilities you propose or none at all. There are other possibilities. One possibility would be to let the prices be determined by fair market competition rather than by price fixing.
0

MadvertsNov. 10, 2010 - 04:47PM JST

So where does all the wedge go, or rather to whom.......asuming these companies actually pay the fine?

They're clearly shafting everyone so much there's still profit after the fine. Go figure.