27-Apr-2010 1:59 PM

Office of Fair Trading launches cartel trial against former BA executives

UK Office of Fair Trading (OFT) launched a trial against three former British Airways executives and one current executive for allegedly scheming with Virgin Atlantic Airways to fix fuel surcharges on trans-Atlantic services (Bloomberg/Daily Mail/Travel Trade Gazette, 26-Apr-2010). The carrier reportedly earned an additional GBP64 million in revenue in one year (2H2004-1H2005) from the action. The defendants deny the cartel offence. No one from Virgin has been charged in the case, as they acted as whistleblowers to the OfT.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More