Rs 1 crore fine slapped on Etihad Airways in Jet Airways Rs 2,060 crore deal by CCI

Dec 19 2013, 21:10 IST
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Jet Airways and Etihad Airways contended that they were unaware of the requirement for certain disclosures. Reuters Jet Airways and Etihad Airways contended that they were unaware of the requirement for certain disclosures. Reuters
SummaryIndia punishes Etihad Airways for failing to adhere to rules in Jet Airways deal.

proposed combination," he said.

"I consider it appropriate to levy a penalty of Rs Rs 10 crore on Etihad Airways under Section 43A of the Competition Act," he added.

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