Spirit Air Awarded All 16 Contested Slots at Newark Airport [Business News Network (BNN) (Canada)]
JetBlue Airways Corporation (JBLU)
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Source: Business News Network
The government said Spirit is “most likely to provide the lowest fares to the most consumers,” according to a statement released Tuesday. The decision gives Spirit access to times for 16 flights during peak hours at Newark, settling a contest for the slots even as Spirit is being fought over with competing offers by hostile bidder JetBlue and favored suitor Frontier Group Holdings Inc. The Federal Aviation Administration regulates the amount of traffic that is allowed to operate out of airports in busy air spaces like the New York and Washington, D.C. metropolitan areas by allotting flight “slots” or timings, with each representing one takeoff or landing. The Newark slots originally were operated by Southwest Airlines Co. when it acquired them in 2010 as part of a Department of Justice demand related to the merger of United Airlines Holdings Inc. and Continental. Like Spirit, JetBlue had sought all 16 slots in Newark, while Alaska had asked to be awarded four. JetBlue has offered
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- Collision narrowly avoided at Reagan National Airport after two jets were cleared onto the same runway [CNN]CNN
- Spirit Airlines debuts new Spirit Central headquarters in Dania Beach [CBS News]CBS News
- Boston bound JetBlue flight has close call on runway at Reagan National [CBS News]CBS News
- JetBlue Announces Leadership Appointments [Yahoo! Finance]Yahoo! Finance
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