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U.K.: Cathay Pacific, Virgin Atlantic off the hook with OFT

By  |  December 17, 2012
U.K.: Cathay Pacific, Virgin Atlantic off the hook with OFT

According to a press release, the Office of Fair Trading has ended its probe into Cathay Pacific Airways and Virgin Atlantic over allegations that the airlines may have violated antitrust law on the London to Hong Kong route. Specifically, concerns addressed potential price-fixing within contracts made between the two airlines and their employees between 2002 and 2006, allegedly forming a cartel to swap commercially sensitive information on pricing. After an investigation was initiated and announced in 2010, the OFT says it has “gathered and conducted a thorough review of a significant body of evidence” and has found no grounds to continue the investigation or charge the parties.

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    Full Content: Office of Fair Trading

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