On 19 April 2012, the OFT imposed a fine of £58.5 million on BA for coordinating with Virgin Atlantic Airways their fuel surcharge pricing on long-haul passenger flights to and from the UK, through the exchange of pricing and other commercially-sensitive information. The OFT has imposed a fine of £58.5 million on BA, which represents a significant reduction from the fine of £121.5 million agreed upon in the 2007 early resolution agreement between BA and the OFT. The OFT notes that the fine was reassessed following the issue of the statement of objections in November 2011 in light of a number of factors, including the fact that BA’s co-operation was greater than had been anticipated at the time of the early settlement agreement and the OFT’s re-evaluation of its penalty policy following the Competition Appeal Tribunal’s rulings in the construction industry and construction recruitment cartel appeals. Virgin Atlantic received full immunity from fines under the OFT’s leniency policy.
Register Now As you are not an existing subscriber please register for your free daily legal newsfeed service.Register
If you have any questions about the service please contact email@example.com or call Lexology Customer Services on +44 20 7234 0606.
Fuel surcharges fine
- Hogan Lovells
- United Kingdom
- May 3 2012
If you are interested in submitting an article to Lexology, please contact Andrew Teague at firstname.lastname@example.org.
“I make an effort to read at least several articles each day and regularly share the particularly relevant or interesting articles with my colleagues. I greatly appreciate the inclusion of the Lexology service by the State Bar of...
“I make an effort to read at least several articles each day and regularly share the particularly relevant or interesting articles with my colleagues. I greatly appreciate the inclusion of the Lexology service by the State Bar of Texas and have recommended that my friends and colleagues join the Corporate Counsel Section of the State Bar in order to obtain this service for themselves.”
Edward J. Willey III
Huawei Technologies (USA)