British Airways has refused to pay a GBP121.5 million fine to the UK Office of Fair Trading (OFT) for allegedly fixing the price of fuel surcharges (The Telegraph, 01-Aug-2011). The OFT accused BA of conspiring with Virgin Atlantic to fix fuel surcharges in 2007. CEO Willie Walsh said he had no intention of paying the fine unless the OFT provided fresh evidence proving the airline's wrongdoing. Virgin Atlantic was granted immunity from prosecution as it was the whistleblower.
2-Aug-2011 12:43 PM