Thursday, November 11, 2010

#Flash* MAS, MASkargo cleared over EC air freight probe

KUALA LUMUR: The European Commission has terminated proceedings against MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) and MASkargo over its air freight investigation under Article 101 of the EU Treaty.

'Neither MAS nor MASkargo has been found to have infringed European competition laws,' MAS senior vice president, corporate services, Dr Wafi Nazrin Abdul Hamid said on Thursday, Nov 11.

The EC did not impose any fine on MAS or MASkargo. However, the EC had imposed substantial fines totalling 799 million euros on many other airlines.


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