According to a report from Reuters, Britain’s competition watchdog imposed a £1.6 million (US$2 million) fine on Heathrow Airport on Thursday, October 25, 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 in September to limiting competition for parking prices and infringing competition law, the Competition and Markets Authority said.
Heathrow T5 Hotel Limited and its parent will not be fined, as the Arora Group applied for and was granted immunity under the CMA’s leniency programme.
Heathrow is owned by Ferrovial, Qatar Investment Authority, China Investment Corporation, and other investors.
Full Content: UK Government, Reuters