A PYMNTS Company

Mexico: Probe potential monopolistic practices in aviation started

By  |  April 22, 2015

The Federal Economic Competition Commission said it will investigate possible monopolistic practices in Mexico’s passenger and cargo transport sector.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In the initial stage to last between 30 and 120 business days, it will seek “elements that determine the existence, or lack thereof, of anti-competitive practices,” the government agency, known by the Spanish initials Cofece, said on Tuesday.

    Monopolistic practices include “contracts, agreements, arrangements or tie-ups among competitive economic agents aimed at manipulating prices, restricting supply or demand, or segmenting markets,” the Cofece said.

    “Coordination of positions in bidding processes and the exchange of information for carrying out any of the aforementioned conduct” also would constitute monopolistic behavior.

     

    Full Content: COFECE

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.