Flight Centre has responded defiantly to ACCC accusations of price-fixing.
“We’re not interested in a settlement,” Flight Centre CEO Graham Turner bluntly tells LeadingCompany.
“We‘ll fight this to the end. There’s no way we’d contemplate a settlement. We need to look after our customers and ensure they have the best fares. We make no apology for that.”
But legal experts say it would have been in Flight Centre’s best interests to bite its tongue.
“If there was any chance of the ACCC backing down, it has just been blown out of the water,” says legal consultant and former ACCC lawyer Michael Terceiro, referring to an article in The Australian where Turner referred to the charges as “stupid” and “trumped up”.
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James was the editor and publisher of SmartCompany and LeadingCompany for five years. He is now the Australian Financial Review‘s companies & markets editor, and a former BRW editor.
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