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.”
More News
Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]
Light Gun A handheld directional light signaling device which emits a brilliant narrow beam of white, green, or red light as selected by the tower controller. The color and type of>[...]
"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]
"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]
Aircraft Conflict Predicted conflict, within EDST of two aircraft, or between aircraft and airspace. A Red alert is used for conflicts when the predicted minimum separation is 5 na>[...]