LTNman
24th Sep 2003, 12:49
Extract from the Financial Times:
As part of the deal with Swiss, BA on Tuesday announced the biggest single acquisition ever made of highly valued take off and landing slots at London's Heathrow airport. It will acquire eight of Swiss's 14 Heathrow daily pairs of take off and landing slots, which are understood to have a market value of between £30m and £35m. The deal tops last year's acquisition of seven Heathrow slot pairs from SN Brussels Airlines.
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1059480058372
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Seems like going to a football match and finding that all the tickets are sold only to be offered some by a ticket tout at the gate for an inflated price. I thought touting was illegal but isn’t this the same? Do Swiss actually own these slots or is it they just have Grandfather rights to use them? If they don’t own them then how can they sell them? Should BA be allowed to buy them seeing that they are the dominant airline at Thief-row?
As part of the deal with Swiss, BA on Tuesday announced the biggest single acquisition ever made of highly valued take off and landing slots at London's Heathrow airport. It will acquire eight of Swiss's 14 Heathrow daily pairs of take off and landing slots, which are understood to have a market value of between £30m and £35m. The deal tops last year's acquisition of seven Heathrow slot pairs from SN Brussels Airlines.
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1059480058372
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Seems like going to a football match and finding that all the tickets are sold only to be offered some by a ticket tout at the gate for an inflated price. I thought touting was illegal but isn’t this the same? Do Swiss actually own these slots or is it they just have Grandfather rights to use them? If they don’t own them then how can they sell them? Should BA be allowed to buy them seeing that they are the dominant airline at Thief-row?