Compat sets aside Rs 258-crore fine on Jet Airways, IndiGo, SpiceJet

Posted on:20 Apr 2016 14:31:51
Compat sets aside Rs 258-crore fine on Jet Airways, IndiGo, SpiceJet
20 April 2016 Current Affairs: The Competition Appellate Tribunal (Compat) on stayed penalties totalling Rs 256 crore imposed by Competition Commission of India (CCI) on Jet Airways, IndiGo and SpiceJet for fuel surcharge collusion. The competition watchdog had in November last year imposed penalties to the tune of Rs 151 crore on Jet Airways, Rs 63 crore on IndiGo and Rs 42 crore on Spice Jet, finding the airlines guilty of colluding in fixing of fuel surcharge for cargo transportation. 

In its order, the CCI had conduct of these companies undermined economic development of the country and was detrimental to consumers' interest. The CCI had acted in a matter which was filed by Express Industry Council of India under the Competition Act against Jet Airways, InterGlobe Aviation, Spice Jet, Air India and Go Airlines alleging anti-competitive agreements. 

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs February 2018

22 FEBRUARY
NEWS
21 FEBRUARY
NEWS
20 FEBRUARY
NEWS
19 FEBRUARY
NEWS

Current Affairs January 2018

31 JANUARY
NEWS
30 JANUARY
NEWS
29 JANUARY
NEWS
28 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS