CCI sees no proof of IndiGo, SpiceJet collusion
The Competition Commission of India (CCI) in 2015 ordered a probe into allegations of anti-competitive practices after similar fares were being offered on certain routes by IndiGo, SpiceJet, GoAir, state-run Air India and now-defunct Jet Airways.
By : migrator
Update: 2020-02-19 20:36 GMT
New Delhi
The CCI inquiry, which included an analysis of the algorithms airlines to determine ticket fares, found that all five airlines were working independently, the three sources said.
“No direct evidence of cartelisation was found,” said one of the sources, who added the investigation also did not reveal any communication amongst airline executives to fix prices.
Budget airline IndiGo, the country’s biggest carrier, said in a statement “the case is without merit” and added it has been cooperating with the investigation.
The second-biggest airline, SpiceJet, GoAir, Air India and Jet Airways did not respond to a request for comment. The CCI did not respond to questions from Reuters.
An adverse finding could have led to a fine of up to three times the profit made in each year prices were fixed, or 10% of annual revenue, whichever is higher. Indian airlines are already grappling with slow growth in air traffic.
Details of the CCI case, which was investigated in two phases, have not been made public in line with the watchdog’s practice.
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