OFT halves BA fuel surcharge fine
The Office of Fair Trading (OFT) said the new penalty placed greater value on the level of BA's co-operation in the investigation into pricing on long-haul flights between August 2004 and January 2006.
While BA agreed to pay the £121 million fine under an early resolution agreement, its final penalty was not confirmed by the OFT until now.
It follows a statement of objections notice published by the OFT in November, under which parties are invited to make representations before the OFT's decision is announced.
The verdict comes a year after the collapse of criminal proceedings brought by the OFT against a number of former BA executives.
A spokesman for BA: "We are pleased that this matter, which concerned events between 2004 and 2006, has been settled."
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