Menu
19/04/2012
British Airways Fine Cut By More Than Half
A fine imposed on British Airways for price-fixing has been cut by over half by the Office of Fair Trading (OFT).
The original fine, imposed in 2007, was £121.5m, but the OFT has reduced that to £58.5m.
The reduction is said to reflect recent legal developments over fines and BA's co-operation in the case.
British Airways was fined for colluding over fuel surcharges with rival Virgin Atlantic. Virgin was not fined as it told authorities about the scheme.
"This decision brings an end to this investigation and sends out a strong message that co-ordinating pricing through the exchange of confidential information between competitors is unlawful,” said Ali Nikpay, OFT Senior Director of Cartels and Criminal Enforcement.
Adding: "The fine would have been higher still but for the co-operation provided by BA throughout the OFT's investigation.
"Without this, together with BA's admission of the infringement, the case would have taken considerably longer to resolve."
In a statement on Thursday British Airways said: "We are pleased that this matter, which concerned events between 2004 and 2006, has been settled."
(H)
The original fine, imposed in 2007, was £121.5m, but the OFT has reduced that to £58.5m.
The reduction is said to reflect recent legal developments over fines and BA's co-operation in the case.
British Airways was fined for colluding over fuel surcharges with rival Virgin Atlantic. Virgin was not fined as it told authorities about the scheme.
"This decision brings an end to this investigation and sends out a strong message that co-ordinating pricing through the exchange of confidential information between competitors is unlawful,” said Ali Nikpay, OFT Senior Director of Cartels and Criminal Enforcement.
Adding: "The fine would have been higher still but for the co-operation provided by BA throughout the OFT's investigation.
"Without this, together with BA's admission of the infringement, the case would have taken considerably longer to resolve."
In a statement on Thursday British Airways said: "We are pleased that this matter, which concerned events between 2004 and 2006, has been settled."
(H)
Related UK National News Stories
Click here for the latest headlines.
07 August 2008
BA Bosses Charged With Price Fixing
Four men have been charged with cartel offences in connection with a criminal investigation into price-fixing. The Office of Fair Trading (OFT), which has brought the charges, say that the men are charged with price-fixing of fuel surcharges for long haul flights.
BA Bosses Charged With Price Fixing
Four men have been charged with cartel offences in connection with a criminal investigation into price-fixing. The Office of Fair Trading (OFT), which has brought the charges, say that the men are charged with price-fixing of fuel surcharges for long haul flights.
17 January 2008
Departure Delayed On Boeing's 'Most Environmentally Friendly Jet'
Passengers waiting to board Boeing's most advanced passenger aircraft to date will have to wait a bit longer. The company has been forced to delay deliveries of the new 787 Dreamliner plane due to production problems.
Departure Delayed On Boeing's 'Most Environmentally Friendly Jet'
Passengers waiting to board Boeing's most advanced passenger aircraft to date will have to wait a bit longer. The company has been forced to delay deliveries of the new 787 Dreamliner plane due to production problems.
01 August 2007
BA Price-Fixing Fine Rises To £270m
The amount that British Airways has been fined for price-fixing on fuel surcharges for long-haul flights has risen to almost £270 million. The US Department of Justice fined the airline almost $300 million (£148 million) which will be added to the £121.5 million fine handed to the company by the UK's Office of Fair Trading.
BA Price-Fixing Fine Rises To £270m
The amount that British Airways has been fined for price-fixing on fuel surcharges for long-haul flights has risen to almost £270 million. The US Department of Justice fined the airline almost $300 million (£148 million) which will be added to the £121.5 million fine handed to the company by the UK's Office of Fair Trading.
01 November 2010
Air Tax Increase Lands At UK Airports
From today, holidaymakers will have to pay over the odds for increased air travel taxes. Described as a "disgrace" by Willie Walsh, British Airways Chief Executive, the 55% hike in air taxes could make some trips just too costly for some travellers.
Air Tax Increase Lands At UK Airports
From today, holidaymakers will have to pay over the odds for increased air travel taxes. Described as a "disgrace" by Willie Walsh, British Airways Chief Executive, the 55% hike in air taxes could make some trips just too costly for some travellers.
13 August 2003
BA suspends flights to Saudi Arabia over 'security concerns'
British Airways has announced that it is to suspend all flights to Saudi Arabia "due to heightened security concerns in the region". BA said that it would suspend flights until further notice follows discussions earlier today between the airline and the British government's Department for Transport.
BA suspends flights to Saudi Arabia over 'security concerns'
British Airways has announced that it is to suspend all flights to Saudi Arabia "due to heightened security concerns in the region". BA said that it would suspend flights until further notice follows discussions earlier today between the airline and the British government's Department for Transport.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
