A group of companies led by Philips of the Netherlands and Ericsson of Sweden will allege they have suffered more than €400m ($545m) of damage as a result of price-fixing by KLM, Martinair and Air France. Lawyers advising the companies, however, say the total sum is likely to top €500m once interest is included.
International competition watchdogs have been investigating a worldwide cartel, based around air freight traffic rates for the past four years. In countries such as South Korea, Australia, Canada and the US, almost two dozen airlines – including KLM, Air France and Martinair – have admitted involvement in illegal activities going back to 2000 and faced substantial financial penalties as a result. Air France and KLM merged in 2004, but retain separate legal identities.
For more: FT.com / Companies / Airlines - Airline cartel faces huge EU damages claim
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