CFI targets Air France-KLM for pricefixing

DESPITE Air France-KLM arranging an out-of-court settlement of US$87 million to the US for alleged pricefixing of airfreight, scavengers have started to circle the wounded Franco-Dutch carrier group in Europe.

Peter Koutsoukis, managing director of Claims Funding International, a European litigation funding company that specifically targets cartel actions, says it is claiming €335 million against Air France-KLM ‘on behalf of hundreds of European companies’.

“The amount of €335 million is 10 per cent of the total amount of €3.35 billion my clients have paid to the cartel airlines in the 2000 to 2006 period for their shipments as we believe the illegal overcharge was at least 10 per cent and we shall also be claiming interest,” Koutsoukis explained.

“We sent a letter of demand to Air France-KLM Monday and asked them to respond within 14 days. If they do not respond in a satisfying way, we will go to court,” he said.

Air France-KLM says it has not received the letter.

Share this story

Related Topics

Latest news

Swissport appoints Western Europe head

By Rachelle Harry

Ground handler Swissport has appointed Liam McElroy as head of its Western Europe region, effective immediately. In his new role,…

Read More

Share this story

SEKO Logistics: It’s time to act to protect cross border e-commerce margins

SEKO Logistics has warned retailers, direct-to-consumer brands and marketplace sellers to “take action now” to protect their cross border e-commerce…

Read More

Share this story

Delta announces changes to regional management team

By Rachelle Harry

Delta Cargo has appointed Gonzalo Hernandez (pictured) into the role of general manager cargo sales, Asia Pacific, effective immediately. Hernandez…

Read More

Share this story