The Competition Commission of India (CCI) today slapped penalties on Jet Airways, IndiGo and SpiceJet for cartelisation in fixing cargo fuel surcharge. In its order, the Commission noted that the airlines acted in collusion to fix fuel surcharge rates which resulted in indirectly determining the rates of air cargo transport. It said the conduct was contravention of the anti-competitive agreements. <br/><br/>The CCI imposed penalties of 152 crores rupees upon Jet Airways, 64 crores upon IndiGo and 42 crores upon Spice Jet besides issuing cease and desist order against them. The Commission noted that such conduct in the air cargo industry undermines economic development of the country and ultimately affects the end consumers.<br/><br/> However, no penalty was imposed upon Air India and Go Airlines as they were not found violating competitive norms. Express Industry Council of India had filed a complaint with CCI against the airlines.
News On AIR | November 17, 2015 7:50 PM
CCI imposes Rs 258 cr fine on Jet Airways, IndiGo, SpiceJet