British Airways Fined $247 Million For Price Fixing

Reuters via MSNBC   |   August 1, 2007 09:50 AM

Read More: U.S. Department of Justice , Breaking Business News
stumbleupon :British Airways Fined $247 Million For Price Fixing   digg: British Airways Fined $247 Million For Price Fixing   reddit: British Airways Fined $247 Million For Price Fixing   del.icio.us: British Airways Fined $247 Million For Price Fixing

British Airways has been fined $247 million for price-fixing by Britain's Office of Fair Trading with a related U.S. Department of Justice fine set to take the total penalties to be paid to more than $700 million, the firm said Wednesday.

The OFT said BA had admitted colluding with rival Virgin Atlantic Airways to fix passenger fuel surcharges on longhaul flights from August 2004 to January 2006.

Comments for this post are now closed

 
 



Comments for this entry are currently under maintenance but will be restored soon.


 
 

Stock Quote

Enter a ticker symbol below:

Data provided by AOL