Virgin, Cathay Dodge UK Flight Price-Fixing Probe

Law360, New York (December 14, 2012, 12:07 PM EST) -- British antitrust regulators on Friday cleared Cathay Pacific Airways Ltd. and Virgin Atlantic Airways Ltd. of allegations that the airlines breached U.K. competition law by colluding to fix prices on flights between London and Hong Kong.

The Office of Fair Trading, one of the U.K.'s two competition watchdogs, said it had decided to close its investigation into whether the airlines exchanged commercially sensitive pricing information between 2002 and 2006 to illegally coordinate pricing on the intercontinental flights.

“In light of the parties' representations, which included additional...
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