Malaysia Airlines (MAS) and AirAsia Berhad won their appeals today to quash the RM10 million fine imposed on each of them by the Malaysia Competition Commission (MyCC) for breaching a market-sharing prohibition.

A Court of Appeal three-member bench led by Hanipah Farikullah allowed the appeals by both air carriers to reinstate the decision of the Competition Appeal Tribunal (CAT) which found that they did not infringe Section 4 (2) of the Competition Act 2010...