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India: Jet Airways to challenge CCI penalty

 |  March 8, 2018

Jet Airways said it will challenge the order of the Competition Commission of India (CCI) to impose for allegedly colluding with its rivals to fix air fares.

In a statement on Wednesday, March 7, the CCI said Jet Airways, SpiceJet and IndiGo engaged in “concerted actions fixing and revising Fuel Surcharge,”, a component of freight charges and held them guilty of violating the Competition Act.

“As of now, the company is examining the order of CCI dated March 7, 2018 and shall be taking such steps, including challenging the order in appropriate forum as may be advised and deemed necessary to defend the company’s position,” SpiceJet said in a filing.

It also noted that the probe conducted by the Director General, which is CCI’s investigation arm, had concluded that the airlines did not indulge in anticompetitive activities.

Full Content: Bloomberg

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