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Wednesday, November 18, 2015

Competition Commission of India (CCI)Imposes Penatly on Jet, IndiGo and SpiceJet Tuesday Nov 17,2015

The Competition Commission of India (CCI) has imposed penalties totalling ₹258 crore on three airlines for cartelisation in fixing and revising fuel surcharge for transporting cargo.

The CCI said on Tuesday that Jet Airways (India) Ltd, InterGlobe Aviation Ltd, SpiceJet Ltd, Air India Ltd and Go Airlines (India) Ltd had colluded in fixing the fuel surcharge rates. “Such conduct was found to have resulted in indirectly determining the rates of air cargo transport and, thereby, in contravention of the provisions of the Act,” the order said.

The complaint was filed by Express Industry Council of India.

Penalties of ₹151.69 crore, ₹63.74 crore and ₹42.48 crore have been imposed upon Jet Airways, InterGlobe Aviation and SpiceJet, respectively. Besides, cease and desist order has also been issued against the airlines.

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