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BA slapped with huge fine for price-fixing

1 August 2007

British Airways was today hit with a record £121.5m fine after it admitted to collusion over fuel surcharges on long-haul flights.

BA is facing a second fine from the US Department of Justice, which will be announced later today. The airline said the combined sum was likely to be consistent with the £350m it set aside in May.

The penalty from the OFT is the highest ever imposed by the regulator for infringements of competition law.

source: thisismoney.co.uk

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