EU Commission does not appeal EU General Court’s judgment and €70.2m will be returned to SAS

On November 9th, 2010, the European Commission decided to fine SAS Cargo and the SAS Group, alongside 11 other airlines, for participating in a global cartel in the cargo sector. SAS was fined €70.2m, but appealed the decision to the European Court’s first instance, the General Court. In December 2015, the General Court annulled the European Commission’s decision including the fine of €70.2m. The European Commission has been able to appeal the EU General Court’s judgment made in December 2015 to the European Court’s court of highest instance, the Court of Justice of the European Union. The EU Commission has informed that it does not intend to appeal the judgment, which means that the fine from 2010 of €70.2m will be returned to SAS. SAS will recognize the reversal as a non-recurring item in the second quarter of fiscal year 2015/2016.