Probe into AirAsia, MAS case over soon

Probe into AirAsia, MAS case over soon

KUCHING, Malaysia - The Malaysia Competition Commission (MyCC) will finalise the case of the short-lived tie-up between Malaysia Airlines and AirAsia over their destination routes, which had infringed on laws on competitiveness.

MyCC chairman Tan Sri Siti Norma Yaakob said investigations into the case were expected to be completed by next year, and that the case was one of many that the commission was focusing on.

"The commission will finalise the case by next year. We had proposed a fine of RM10 million (S$3.89 million) each for the two airlines (on Sept 6 this year) for infringing the Competition Act 2010 during their short tie-up in 2011. The case is still in process," said Siti d after the launch of Competition Act 2010: A Guide For Business handbook here Friday.

Siti Norma said the law aimed to ensure enterprises compete freely and fairly and protect consumers' interest.

She said such an agreement made by MAS and AirAsia in 2011 was likely aimed at preventing the market forces of demand and supply to determine prices, and had put consumers at the losing end.

Read more: Probe into AirAsia, MAS case over soon - General - New Straits Times http://www.nst.com.my/nation/general/probe-into-airasia-mas-case-over-soon-1.415546#ixzz2m6aBNy4u

More about

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.