The UK Office of Fair Trading inflicts a record penalty of € 175 M - highest penalty ever imposed - for price fixing over long-haul surcharges following criminal and civil investigations (British Airways)

Office of Fair Trading, August 1st 2007, British Airways PLC , not yet published OFT Press Release, August 1st2007, n° 113/07, British Airways to pay record £121.5m penalty in price fixing investigation British Airways PLC (“BA”) has been hit with a £121.5 mln (€174.40 mln) fine by the Office of Fair Trading (OFT) after it found that on at least six occasions between August 2004 and January 2006, BA and Virgin discussed and informed each other about proposed fuel surcharges on long-haul flights. During the collusion periods, the surcharges varied between £5 and £60 per ticket for a long-haul return flight. The penalty imposed is the result of an admission by BA of the facts reproached. I - The OFT's investigation On 22 June 2006, the OFT launched both a criminal and a civil

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Marie-Charlotte Rouzier, The UK Office of Fair Trading inflicts a record penalty of € 175 M - highest penalty ever imposed - for price fixing over long-haul surcharges following criminal and civil investigations (British Airways), 1 August 2007, e-Competitions August 2007, Art. N° 14161

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