EU names Chinese airlines for potential fines

The European Commission named Air China (AIRC.LON, 601111.SHA, 0753.HKG) as one of eight Chinese airlines that could face fines in Europe for failing to provide emissions data and not complying with a new permit system for carbon emissions, The New York Times reported. The commission announced Thursday that the Chinese carriers could be fined US$3 million. Several countries, including the US and Japan, protested the new emissions system, which is set to eventually include international flights to Europe. China and India oppose the plan even as currently applied to intra-Europe flights. The commission also named two Indian airlines facing fines.