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BRIEF-Flight Centre Travel Group updates on ACCC's appeal action

Published 28/08/2015, 04:19 pm
© Reuters.  BRIEF-Flight Centre Travel Group updates on ACCC's appeal action
FLT
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Aug 28 (Reuters) - Flight Centre Travel Group Ltd FLT.AX :

* Flight Centre surprised by ACCC appeal action

* Court had found that primary judge erred in finding "flight centre and the airlines competed in a market for distribution and booking services"

* Decision in FLT's favour was unanimous and ACCC was ordered to pay FLT's legal costs for both initial federal court case and appeal

* "Surprised and disappointed" that ACCC launched further appeal in relation to long running competition law test case initiated in 2012

* ACCC announced that it would seek special leave of high court to appeal decision of Full Court of Federal Court of Australia

* Says will "oppose the action and continue to vigorously defend our position"

* Source text for Eikon ID:nASX7B6LBh

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