MAS-AirAsia infringed Competition Act, fined RM10mil each

KUALA LUMPUR: The Malaysia Competition Commission (MyCC), which ensures healthy competition in the Malaysian market, has ruled in its proposed decision that Malaysian Airline and AirAsia’s 2011 collaboration agreement violated the Competition Act 2010, and fined each company RM10mil.

“The MyCC has found both airlines have infringed section 4(2)(b) of the Competition Act by entering into an agreement that has as its objective the sharing of markets in the air transport services sector within Malaysia provided by both airlines,” the MyCC said in its press statement on Friday.