Competition Commission of India (CCI) has imposed a penalty of Rs 151.69 crore on Jet Airways (India) for alleged contravention of the provisions of Section 3(1) read with Section 3 (3)(a) of the Competition Act 2002. The investigation was initiated against five airlines on the basis of information provided by Express Industry Council of India (EICI) alleging collusion in levy of fuel surcharge on transport of cargo. According to CCI, such anti-competitive ways in the air cargo industry undermines economic development of the country and ultimately acts to the detriment of end-consumers.
While the investigation carried out by the Joint Director General (Jt. DG), CCI, concluded that the allegations levelled against the airlines were not proved, the Commission, pursuant to the objections filed by EICI, has held otherwise and imposed a penalty on the Company and two other airlines.
Jet Airways currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.01 years.
