MyCC rules AirAsia-MAS swap unlawful, fines both RM10m each: KUALA LUMPUR, Sept 6 — In the first decision of its kind in the country, Malaysia’s anti-trust regulators today tentatively judged a contentious equity swap between rival airlines AirAsia and Malaysia Airlines to have breach the Competition Act 2010. In its decision today, the Malaysia Competition Commission (MYCC) said it will impose a fine of RM10 million each for both firms, according to a statement released on its website today. The newly-established commission had been investigating the so-called “Comprehensive Collaboraton Framework” involving the low-cost airline and the country’s flag carrier that had drawn widespread allegations of possible collusive and monopolistic behaviour. MORE TO COME dlvr.it/3wGxmY
Posted on: Fri, 06 Sep 2013 05:52:53 +0000
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