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French airlines fined for anticompetitive agreements in Caribbean region

( December 4, 2024, 13:54 GMT | Official Statement) -- MLex Summary: The French competition authority has fined Air Caraïbes, Compagnie Aérienne Inter Régionale Express and consulting firm Miles Plus a total of 14.57 million euros, for colluding on ticket prices, coordinating reduced services and sharing slots on passenger transport in the Caribbean region. The activity took place between 2015 and 2019, the authority said today. With both CAIRE and its parent Guyane Aéroinvest being unable to pay, the authority fined their parent company K Finance, based on the principle of joint liability.Statement follows. ...

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