British Airways is in talks with the Office of Fair Trading to reduce the £121.5 million fine for alleged price-fixing.
The negotiations could see the carrier paying less than half of the original fine given five year ago, reports the Telegraph.
BA is not expected to admit any wrongdoing as part of any OFT deal.
The fine was originally levied by the OFT in August 2007 in respect of the price-fixing inquiry involving the BA and Virgin Atlantic.
It related to BA’s alleged collusion with Sir Richard Branson’s airline over fuel price surcharged between August 2004 and January 2006. Virgin acted as whistleblower in the case and as such was given immunity.
