Sydney Airport Message Board Sydney Airport Message Board  

Go Back   Sydney Airport Message Board > Aviation Industry News and Discussion > International Industry


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 19th May 2008, 02:02 PM
Gerald A Gerald A is offline
Member
 
Join Date: Mar 2008
Posts: 537
Default Airport Slot Auctions Proposed For Newark, JFK

Quote:

May 18, 2008

The US government on Friday proposed to auction some takeoff and landing rights at the New York area's two international airports, as a way to boost competition, a plan that drew sharp criticism from airlines.

The Transportation Department plan for Newark Airport in New Jersey and New York's John F Kennedy Airport -- and a similar one announced recently for the region's other big airport, LaGuardia -- is part of a larger initiative to address congestion and delays.

A third of all flights -- excluding international service -- fly through New York air space or take-off and land at one of the region's airports, according to the Federal Aviation Administration.

The region's three big airports rank consistently at the top for flight delays, partly due to airline scheduling, weather problems and congestion.

Transportation officials are this spring capping the number of flights airlines can offer at peak times at Newark and JFK to reduce congestion. Caps are already in place at LaGuardia. To ensure caps do not favor entrenched major carriers, regulators want to skim some slots and offer them at auction.

"We need a way to keep aviation competition alive in the free market capital of the world," Transportation Secretary Mary Peters said. "This new proposal will do much to make flying to New York attractive."

A slot is equal to airport rights for one takeoff and one landing.

US Airways, Delta Air Lines, JetBlue Airways, American Airlines and Continental Airlines are major US carriers at Newark, LaGuardia and JFK.

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.

Depending on the give-back formula, between 91 and 179 slots of 1,245 would be sold at JFK and roughly 96 of 1,219 slots would be auctioned at Newark.

Depending on the auction plan, airlines could re-bid for old slots -- gaining back some, all or more -- or lose them entirely.

Major US and international airlines condemned the idea, suggesting they may sue to try and prevent the plan from taking effect, if it is finalized.

"These ill-conceived and unlawful proposals are driven by ideology and will not reduce congestion or flight delays," said James May, chief executive of the Air Transport Association, the chief lobbying group for the biggest US carriers.

Transportation officials hope to finalize the proposal in the coming months and begin auctions late this year or early next.

(Reuters)
Gerald
__________________
on final for RWY 11 at YHBA
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT +10. The time now is 06:01 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright © Sydney Airport Message Board 1997-2022
Use of this web site constitutes acceptance of the Conditions of Use and Privacy Statement