The Competition Commission of India has imposed multi-crore penalties on Jet Airways, Indigo and SpiceJet. The Commission claims the private airlines acted as a cartel and fixed fuel surcharge (FSC) on cargo transport.CCI has imposed a penalty of Rs. 151 Crores, 63 Crores and 42 Crores on Jet Airways, Indigo and SpiceJet respectively.
"Considering the precarious financial position of airlines, the penalty has been imposed by the Commission at 1% of their average turnover of the last three financial years," CCI said in an official statement on Tuesday.
"The airlines acted in parallel in collusion in fixing FSC rates. Such conduct was found to have resulted in indirectly determining the rates of air cargo transport and thereby in contravention of the Competition Act," CCI said.
However, CCI has not imposed any penalty on Air India and Go Airlines.
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