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Malaysia: Airlines vow to challenge MyCC fines

By  |  April 11, 2014

Malaysian Airlines and AirAsia have vowed to challenge fines issued to the airlines by the Malaysian Competition Commission for anticompetitive behavior, say reports.

The airlines formed an agreement in 2010 but, according to reports, that venture later failed. While details of that agreement are scarce, reports say the two were found in violation of market sharing laws by the MyCC, leading to the fine.

The two companies each filed separate notices to the stock exchange on Friday with notice of intent to appeal those fines to the Competition Appeals Tribunal.

Full Content: Malaysian Digest

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