British Airways has been issued a $1.4 million fine by the South African Competition Commission for participating in a price-fixing cartel in South Africa, where the complaints were filed. The airline’s air cargo carrier admitting to the charges. The settlement was approved Monday in an agreement with South Africa’s Competition Tribunal that ends a six-year probe into the matter involving fixed fuel surcharge rates.
Full Content: Law360
Related Content: Ex-British Airways Officers Charged With Price-Fixing
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canada Investigates Major Grocers for Anticompetitive Practices
May 26, 2024 by
CPI
John Hess Scrambles to Secure Shareholder Approval for $53 Billion Chevron Merger
May 26, 2024 by
CPI
Petrobras Retains Refineries and Gas Pipeline in CADE’s Landmark Reversal
May 26, 2024 by
CPI
Meta Proposes New Data Limits on Facebook Marketplace in UK Amid CMA Oversight
May 26, 2024 by
CPI
EU Industry Chief Calls for Unified Tech Regulations Between US and Europe
May 26, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI