Heathrow Airport will pay a £1.6m ($2.3m) fine for restricting competition on parking prices in a lease with the operator of a Terminal 5 hotel, reported the Telegraph.
The fine, to be imposed by the Competition and Markets Authority (CMA), comes after the regulator’s investigation into the airport’s agreement with the Arora Group for the lease of Arora’s Sofitel hotel at Terminal 5. This included a clause restricting how parking prices should be set by Arora for non-hotel guests.
The CMA investigated whether the pricing restriction prevented the Arora Group from charging non-hotel guests cheaper prices than those offered at other car parks at the airport.
Full Content: Telegraph
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