Virgin Atlantic chief admits he knew of conspiracy with BA to fix prices

[Nigelinoz]

Virgin Atlantic chief Steve Ridgway admits he knew of conspiracy with BA to fix prices - Times Online

Steve Ridgway, the chief executive of Virgin Atlantic, admitted yesterday that he had been aware that his airline had conspired to fix prices with its rival British Airways.
The Virgin boss is the most senior executive to be named in relation to allegations that BA and Virgin fixed the price of fuel surcharges between July 2004 and April 2006.
In a statement released by the airline, he said: “I apologise unreservedly for my involvement in this case. I have fully co-operated with the competition authorities since their inquiries began in 2006.
“Although I did not have any direct contact with BA in relation to passenger fuel surcharges I regret that, on becoming aware of the discussions, I did not take steps to stop them.”

 

[NM]

Also reported in ATW Daily News:

Virgin Atlantic Airways CEO Steve Ridgway acknowledged yesterday that he was aware of the collusion between executives at VS and British Airways to fix fuel surcharges on long-haul flights in June 2004-April 2006.