$235 million fine against Virgin Atlantic, British Airways dismissed
Feb. 10, 2012, Lagos, Nigeria - A panel has set aside a $235 million fine levied against Virgin Atlantic and British Airways by the Nigerian government over alleged ticket price fixing.
Harold Demuren, the head of the Nigerian Civil Aviation Authority, said Friday that the panel said the agency had no power to levy the fine at the time the alleged price fixing occurred.
British Airways, which is run by International Consolidated Airlines Group PLC, and Virgin Atlantic Airways Ltd. did not
immediately respond to requests for comment.
The fine came after a six-month investigation into fuel charge fees charged by the two airlines. The airlines control about 90 per cent of all passenger traffic to and from the United Kingdom.