Press: CEO says Virgin not being investigated

Virgin Atlantic Chief Executive Steve Ridgway said Monday that cartel investigators from the U.K. Office of Fair Trading and the U.S. Department of Justice hadn’t visited the airline’s premises in either the U.K. or in the U.S., the Financial Times reported on its Web site Monday.According to the FT, Virgin Atlantic is “understood” to have assisted the OFT with information about rival airline British Airways PLC (BAB), which helped trigger a probe into alleged price fixing via fuel surcharges by some airlines operating to and from the U.K.

Current surcharges at both British Airways and Virgin Atlantic are at GBP35 per sector or flight leg or GBP70 for a return trip.

It is “understood,” the FT reported, that Virgin Atlantic passed information to the OFT about a BA executive approaching them last year about possibly hiking the surcharge.
——-