Basic Search  |  Summaries  |  Advanced SearchPenalty: £58,500,000
Year: 2012
Date: 19 April, 2012
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: British Airways paid a £58.5 million fine in settlement of a decision by the OFT that the company engaged in anti-competitive practices along with Virgin Atlantic to coordinate their passenger fuel surcharges through exchange of commercially sensitive information. Virgin Atlantic was granted immunity to a fine under the OFT leniency policy having brought the matter to the OFT's attention.
Action Type: agency action
Settlement Type: Settlement with OFT
Agency: Office of Fair Trading
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: airlines
Specific Industry of Parent: airlines
Source of Data: (click here)