British Airways Lands $1.4M S. African Price-Fixing Fine

Law360, New York (October 22, 2012, 1:39 PM EDT) -- British Airways PLC will pay South African antitrust regulators $1.4 million after admitting that it violated the country's competition laws by participating in an air cargo price-fixing cartel, according to a settlement approved Monday.

South Africa's Competition Tribunal signed off on a consent agreement between British Airways and the country's Competition Commission, allowing the airline to exit a six-year probe into a conspiracy to fix fuel surcharge rates by Deutsche Lufthansa AG, Air France-KLM and others.

The U.K. carrier admitted that it exchanged price information with...
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