The Federal Government on Wednesday ordered domestic airlines to reverse the recent over 60 per cent hike in airfares on domestic routes. It gave the order after investigations by the Federal Competition and Consumer Protection Commission showed that the airlines might have unanimously agreed on airfares hike during meetings by the Airlines Operators of Nigeria, their umbrella body. “The commission’s understanding from intelligence so far gathered is that there was significant controversy and or an initial lack of consensus with respect to coordinated conduct resulting in setting airfares. Irukera added, “Specifically, Air Peace, Azman Air and United Nigeria Airlines immediately proceeded with the increase. “The FCCPA prohibits conduct or any coordination between competitors including on the platform of trade associations,” the commission stated.

Source: Punch March 03, 2022 05:35 UTC