Airport slot auctions proposed for Newark, JFK

[Just a spotter]

Reported by Reuters

The agency is proposing to shift ownership rights for JFK and Newark slots from the FAA to the airlines for 10 years. Airlines would be required to give back a percentage of slots for auction. (http://www.cnbc.com/id/24672443/for/cnbc/)

Link (http://www.cnbc.com/id/24672443/for/cnbc/)

JAS

[Donkey497]

Not sure at first pass that this is actually something that will result in another cut in slots for anybody, which is what the FAA have been shouting for. The FAA already brought in measures to reduce slots at the end of last year, trying to cut the number of short haul jet flights, but this doesn't seem to have fully worked.

To Be Honest, it sounds more like a scheme to raise funds for the FAA from the auctioned slots, rather than anything else. It sounds like the airlines will still be able to get their hands on the slots, but will have to pay/compete for the slots they have to give up.

Maybe though it might encourage the airlines to concentrate on their primary routes and give up their less favoured routes for auction