Jet, IndiGo, SpiceJet to challenge CCI's Rs 258 cr penalty
A penalty of Rs 151.69 crore was imposed on Jet Airways, while that on InterGlobe Aviation and SpiceJet are Rs 63.74 crore and Rs 42.48 crore

New Delhi - Jet Airways, IndiGo and SpiceJet on Wednesday said they would pursue legal steps against the CCI order imposing penalties totalling Rs 258 crore on them for anti-competitive practices related to air cargo.[caption id="attachment_2512960" align="alignleft" width="380"]
Jet Airways has been slapped a penalty of Rs 151.69 crore. Reuters[/caption]Clamping down on unfair business practices in the aviation sector, Competition Commission of India (CCI) had on Tuesday penalised the three airlines for cartelisation in determining the fuel surcharge on air cargo.A penalty of Rs 151.69 crore was imposed on Jet Airways, while that on InterGlobe Aviation and SpiceJet are Rs 63.74 crore and Rs 42.48 crore, respectively. InterGlobe runs no-frills carrier IndiGo.“Jet Airways believes that it is not in contravention of the provisions of the Competition Act and it shall pursue all available legal steps to defend its position,” the carrier said in a regulatory filing.In a separate filing, InterGlobe Aviation said the company is studying the CCI order and would take legal steps to challenge it in the appropriate forum. “The company has been legally advised that it is not in contravention of the provisions of the Competition Act, 2002,” it noted.SpiceJet also said it would take steps, including challenging the order, after examining it.“The company is examining the order and shall be taking such steps, including challenging the order in appropriate forum as may be advised and deemed necessary to defend the company’s position,” the budget carrier said in a filing.PTI

US jobless claims fall to 187,000, signalling resilient labour market ahead of Fed meeting
NDTA asks Connaught Place shops, offices and restaurants to close by 6:30 pm today
EU slaps Google with $1 billion antitrust fine over Play Store and Search practices
Brent crude flirts with $100, reigniting inflation and forex concerns for India
Can a record May offset a shrunk international schedule and help IndiGo turn a profit?

