Tags: Deutsche Bahn | Airlines | Price Fixing | Germany

Deutsche Bahn Sues Airlines in US Over 1999-2006 Price Fixing

Tuesday, 19 Aug 2014 01:27 PM

Deutsche Bahn is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters.

The airlines' price fixing was first exposed seven years ago and triggered fines of 800 million euros in the European Union in 2010 and a fine of $1.5 billion in the United States. Victims of the cartel can sue separately for compensation.

Deutsche Bahn said the companies targeted by the lawsuit in New York include Air France-KLM, Scandinavia's SAS, Qantas Airways, Cargolux Airlines International, Martinair Holland and All Nippon Airways.

Deutsche Bahn transports 390.1 million tons of freight a year, via land, rail, sea and air. It made 39.1 billion euros ($5.3 billion) in revenues last year and operates in more than 130 countries.

A source familiar with the case said Deutsche Bahn's claim stood at more than $500 million. Deutsche Bahn declined to comment on the sum involved.

The current lawsuit concerns airlines flying to and from the United States, as well as within the country.

© 2017 Thomson/Reuters. All rights reserved.

 
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Deutsche Bahn is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters.
Deutsche Bahn, Airlines, Price Fixing, Germany
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2014-27-19
Tuesday, 19 Aug 2014 01:27 PM
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