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You can change your cookie settings at any time. The OFT has found that between August and JanuaryBA and VAA co-ordinated their surcharge pricing on long-haul flights to and from the UK through the exchange of pricing and other commercially sensitive information. To help us improve GOV.

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The chief executive of Sir Richard Branson's Virgin Atlantic airline has admitted his involvement in a price-fixing cartel with rival British Airways. Steve Ridgway issued an apology last night after his name was identified during a court case in which three former BA staff and one current employee pleaded not guilty to criminal charges of fixing passenger fuel surcharges. Ridgway is immune from prosecution because Virgin Atlantic blew the whistle on its collusion with BA.

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By Szu Ping Chan. BA admitted in that it had colluded with Virgin over price fixing on long-haul flights between August and January The OFT said the fine had sent a "strong message" on price fixing to the industry, and added that the reduced fine reflected the level of BA's co-operation in the investigation. Ali Nikpay, OFT senior director of cartels and criminal enforcement, said: "The size of the fine underlines that it is important for companies to take steps to ensure that they have an effective compliance culture.

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International Airlines Group boss, Willie Walsh lost that bizarre bet of a 'kick in the groin' with Sir Richard Branson before he even made it Last week, Mr. Walsh's comments made him look arrogant and stupid

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Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. By subscribing with Google you will be billed at a price in your local currency.

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Please contact customerservices lexology. During this period, BA co-ordinated fuel surcharge pricing with Virgin Atlantic Airways VAA through the exchange of pricing and other commercially sensitive information in response to rising oil prices. The final decision was delayed by the announcement by the OFT in August that it had charged four current or former executives of BA with cartel offences under the Enterprise Act

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A tip off by Virgin Atlantic Airways has triggered an investigation into alleged airfare price-fixing by British Airways after it passed on information to Britain's Office of Fair Trading OFT about its arch rival, an industry source say. Richard Branson's Virgin approached the OFT about alleged conversations between a BA executive and one of its staff last year to sound out plans to increase fuel surcharges on long-haul flights, the source told Reuters, confirming newspaper reports. UK and US authorities this week launched a civil and criminal probe into an alleged cartel over airfares and fuel surcharges after raiding BA's offices. BA put two senior executives on leave.

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Picture: PA. A court heard yesterday that top executives at BA and Virgin "sidestepped the proper process" and secretly fixed the cost of fuel surcharges at a cricket match between the two airlines at Sir Richard's Oxfordshire home in September. Sir Richard, Virgin's president, wanted to know if BA would follow suit if he introduced a variable fuel surcharge which would lead to higher class passengers paying a higher fuel surcharge than those in standard class.

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Please contact customerservices lexology. The Office of Fair Trading OFT has withdrawn its criminal proceedings against four current and former British Airways BA executives accused of fixing the price of fuel surcharges on long haul passenger flights with Virgin Atlantic Virgin. It is unclear whether the documents contained evidence which would substantially affect the trial. In any event, the OFT took the view that to continue with the trial in view of the late disclosure of the information would be unfair to the defendants.

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