'Air India violated Fair Trade Act'

Seoul/New Delhi: South Korean regulator Fair Trade Commission has warned Air India and Scandinavian Airlines against indulging in unfair trade practices, and slapped a fine of nearly USD 100 million on 19 other international carriers.
"The Commission found that the 21 airlines had conspired to introduce fuel surcharges and continue to raise surcharge rates for air cargo to-and-from Korea between 1999 and 2007," the regulator said in a statement today.
FTC has imposed a total fine of 119,544 million won (nearly USD 100 million) on 19 airlines and told two others, including Air India, for violating the Monopoly Regulation and Fair Trade Act.
Air India officials were unavailable for comments.
Air France, Air France-KLM, Air Hong Kong, Singapore Airlines, All Nippon Airways, Asianan Airlines, British Airways, Cathay Pacific Airways, KLM and Japan Airlines International, were among the 19 airlines fined by the FTC.
28/05/10 Express India

To Read the News in full at Source, Click the Headline

Categories: Air India - International May 2010, Foreign May 2010, NACIL May 2010