JFTC To Consider Legality Of Airfare Pricing Exemption

Law360, New York (February 21, 2007, 12:00 AM EST) -- Following similar moves by the U.S. and Europe, Japan’s Fair Trade Commission has geared up to study whether or not price-setting meetings by the International Air and Transport Association are illegal.

The JFTC said Wednesday that it would ask a panel of independent experts to study how airfare-setting consultations between various countries’ airlines fit into the nation’s Antimonopoly Law.

The first meeting will be on Friday, and the panel will produce a report by the fall. At present, the cartel is excluded from antitrust legislation in...
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