CCI imposed fine of 54 Crore rupees on Jet Airways, IndiGo, SpiceJet for unfair business practices

Posted on:08 Mar 2018 12:06:13
CCI imposed fine of 54 Crore rupees on Jet Airways, IndiGo, SpiceJet  for unfair business practices
08 March 2018 Current Affairs: The Competition Commission of India (CCI) imposed a fine of over Rs. 54 crore on Jet Airways, IndiGo, and SpiceJet over alleged cartelisation, unfair business practices with respect to fixing fuel surcharge on cargo transport.

Jet Airways was fined ₹39.81 crore while the penalties on IndiGo and SpiceJet are ₹9.45 crore and ₹5.1 crore, respectively.
The Competition Commission of India (CCI) imposed a fine of over Rs. 54 crore on Jet Airways, IndiGo, and SpiceJet over alleged cartelisation, unfair business practices with respect to fixing fuel surcharge on cargo transport.

Jet Airways was fined ₹39.81 crore while the penalties on IndiGo and SpiceJet are ₹9.45 crore and ₹5.1 crore, respectively.

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