IAG secures majority of Monarch slots at Gatwick airport

Deal comes after travel firm won an appeal to have the right to sell airport slots for next year

British Airways owner IAG has won a race to secure valuable take-off and landing slots at London’s Gatwick airport

British Airways owner IAG has won a race to secure valuable take-off and landing slots at London’s Gatwick airport

 

British Airways owner IAG has won a race to secure valuable take-off and landing slots at London’s Gatwick airport, according to sources, beating off competition from other airlines.

The source said that IAG had secured the majority of the Monarch’s slots at Gatwick Airport, which is Britain’s second busiest airport.

The deal comes after Monarch won an appeal last Wednesday to have the right to sell airport slots for next year, a court ruling which was criticised by industry bodies such as the International Air Transport Association (IATA).

Monarch abruptly ceased operations in early October, leading to the repatriation of a hundred thousand customers by the British government.

EasyJet, Wizz and Norwegian had also expressed their interest in acquiring the slots at the London airports, while sources said that travel firm Thomas Cook had also bid for the Gatwick slots.

Monarch estimates its slots could be worth around £60 million (€67 million) although that is disputed by airlines such as easyJet. Monarch’s administrators KPMG and IAG declined to comment.

– Reuters

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.