British Airways PLC
23 August 2007
US COURT APPROVES INVESTIGATION SETTLEMENT
The US District Court for the District of Columbia has approved the August 1st
plea agreement between British Airways and the Department of Justice (DoJ) on
fines of $300 million for infringements of competition law in the company's
longhaul passenger and cargo businesses.
The court agreed that the substantial co-operation provided by British Airways
to the US government justified a significant reduction in fines which under
Sentencing Guidelines ranged from $450 million to $900 million.
Willie Walsh, British Airways chief executive said;' As I have previously stated
any anti-competitive behaviour is to be condemned at British Airways or at other
companies. It will not be tolerated and we remain vigilant in this respect.'
Today's court decision concludes the DoJ's criminal investigation into British
Airways. The DoJ's investigation into the conduct of individuals continues.
ends
August 23, 2007 086/KG/07
Note to editors:
• The plea agreement will be found at www.usdoj.gov
This information is provided by RNS
The company news service from the London Stock Exchange
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