EU re-issues 776 mln euro fine for air cargo cartel

BRUSSELS, March 17 (Reuters) - The European Commission said

on Friday that it had re-adopted its decision to fine 11

airlines for their part in a cartel to fix air cargo prices

after an EU court had annulled its initial finding due to a

procedural error.

The total fine comes to 776 million euros ($835.5 million),

with all of the fines at the same level except for the amount

due from Martinair - cut to 15.4 million

euros from the 29.5 million euro amount set in 2010.

($1 = 0.9288 euros)

(Reporting By Philip Blenkinsop; editing by Robert-Jan

Bartunek)