What can people expect from the forthcoming EU air freight cartel decision?
Over the summer, the EU’s Commissioner for Competition, Neelie Kroes will make an announcement that will affect thousands of businesses who fly freight in and out of Europe. Normally, decisions in the EU have little impact on what happens in the Middle East business community, but this one is seismic in its impact and companies across the Arabian peninsula may be affected. Kroes will announce that a number of major airlines operating air freight in and out of the EU will be subject to huge fines for participating in a price-fixing cartel over a period of 7 years between 2000-2007. This announcement opens the way for what will be the largest civil claim for cartel damages ever seen in Europe. How does that affect the average freight manager, operations director or logistics manager? The EC decision will bind European Courts on the question of liability. This opens the way for air freight users who have booked air freight spend to the ledgers of their European entities to recover from th
