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Heathrow Airport fined £1.6 million by competition watchdog

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Heathrow Airport fined £1.6 million by competition watchdog

Heathrow Airport fined £1.6 million by competition watchdog
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TOBY MELVILLE(Reuters)
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(Reuters) - Britain's competition watchdog imposed a 1.6 million pound fine on Heathrow Airport on Thursday after finding that the airport and the owner of Heathrow T5 Hotel Limited had infringed competition law.

Heathrow Airport and Arora Holdings, parent of Heathrow T5 Hotel, had admitted to limiting competition for parking prices and infringing competition law in September, the Competition and Markets Authority said https://www.gov.uk/cma-cases/conduct-in-the-transport-sector-facilities-at-airports.

Heathrow is owned by Ferrovial <FER.MC>, Qatar Investment Authority, China Investment Corporation and other investors.

(Reporting by Sangameswaran S in Bengaluru; Editing by David Goodman)

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