25 Jan 2011

Cathay Pacific Appeals Antitrust Decisions

Cathay Pacific announces that it has filed an appeal of the European Commission's 9 November 2010 decision in which it fined the Company €57.1 million for violations of European competition law that occurred between May 2004 and February 2006.

The appeal was filed with the General Court of the European Union, and follows an appeal Cathay Pacific filed in the Seoul High Court in December 2010 challenging a similar decision by the Korean Fair Trade Commission.

A Cathay Pacific spokesperson said: "We believe we have good grounds for making these appeals, but, as these matters are being litigated, we are not in a position to provide additional information at this stage."