Thu, Nov 11, 2010
SAS Will Appeal Ruling In 2005 Case
The European Commission reached a decision Wednesday in an
air-cargo investigation that began in December 2005. According to a
press release from the Commission, a significant number of airlines
have been fined for breaching the EU’s competition rules. The
fines will be charged to SAS’ earnings for the third quarter
of 2010, that will be presented Thursday.
“We are highly disappointed and strongly contest the
considerable level of the fines, which we believe to be
disproportionate to SAS Cargo’s actions,” says Mats
Lönnkvist, Chief Legal Officer at SAS. “We have
cooperated fully with the European Commission during the entire
investigation and, for slightly more than four years, we have
disputed the European Commission’s view that SAS Cargo has
been involved in a global cartel.”
SAS says it will appeal the decision to the EU’s Court of
First Instance, which may take several years.
“SAS takes competition rules with utmost seriousness and
we do not accept any transgressions. We have a clear regulatory
framework in place concerning compliance with competition
legislation, which encompasses information, guidelines, training
programs and control procedures,” Lönnkvist said.
“In conjunction with SAS’ independent internal
investigations, it was unfortunately confirmed that SAS Cargo, in
the period 1999-2006, had been involved in a few isolated cases
that constituted violations of the company’s internal
regulatory framework. This is unacceptable and the few SAS Cargo
employees who were involved are no longer employed by SAS. However,
we adamantly maintain that these isolated incidents do not mean
that SAS Cargo has been involved in a global cartel.”
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