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.

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.