Slot Swap

[john john]

The swap will have US Airways give 132 takeoff and landing slots at LaGuardia Airport to Delta in exchange for 42 slot pairs at Ronald Reagan Washington National Airport, $66.5 million in cash, route rights for Sao Paulo.The airlines will also have to give up 16 LaGuardia and eight National slots to other airlines with little or no foothold at those airports.
The news actually seems like it could be more of a positive for Delta, which is gaining New York market shares

See full article from DailyFinance: http://srph.it/qTgIqz

 

[john john]

Does anyone read posts....

"The division will not continue to investigate the acquisition of slots at New York’s LaGuardia Airport because the division has concluded that acquisition does not raise competitive concerns."

The DOJ investigated the LGA portion of the swap and reached the above conclusion. You can argue that they didn't reach the right conclusion all you want, but you can't claim they didn't investigate.

Jim

"Separately, the Justice Department said yesterday it will continue its antitrust examination of the US Airways slots at Reagan National."

So does the slot swap deal have approval? DOJ has problems with it ??

 

[BoeingBoy]

SO the slot swap deal does not have approval DOJ problems ??

Why don't you read what the DOT and DOJ have said for yourself because I have no idea what "does not have approval DOJ problems" means.

Jim

 

[malikie]

In your opinion only.

Compared to most the east and some of the west posters on here, his opinion is highly regarded.

 

[nevergiveup]

Compared to most the east and some of the west posters on here, his opinion is highly regarded.

His post have by far been some of the best I have read and have seemed somewhat professional. Only recently has the venting surfaced. I look forward for the return of the old Jim.

 

[john john]

I have no idea

Jim

So the slot swap deal does not have DOJ approval..................... DOJ has a problem with it
Can the DOJ nix the deal
Does the DOJ have to give approval for the slot swap deal to be finalize

 

[USFlyer]

So the slot swap deal does not have DOJ approval..................... DOJ has a problem with it
Can the DOJ nix the deal
Does the DOJ have to give approval for the slot swap deal to be finalize

Practically, yes. It would have to sue to stop the deal, though.

 

[usa1]

We believe expanded services in LaGuardia Airport will double Delta’s existing destinations, resulting in higher revenue. It would increase flights to 45% from the current 24% at LaGuardia Airport, providing a competitive edge over its rival AMR Corp. (NYSE: AMR - News), which is presently leading with 21%.

What % would that give a combined US/AA?

http://finance.yahoo.com/news/Delta-US-Airways-Slot-Swap-zacks-1884375958.html?x=0&.v=1

Swap could be first step toward ..... "THE MERGER".

And another 40,000 pensions being dumped on the tax payers back via the PBGC.

 

[jimntx]

So the slot swap deal does not have DOJ approval..................... DOJ has a problem with it
Can the DOJ nix the deal
Does the DOJ have to give approval for the slot swap deal to be finalize

Yes and no. (And, that's final! ) No, they can not "nix the deal." Note they have specified they have no problem with Delta taking over a big chunk of LGA landings, and are not going to pursue that further. What they have a problem with is US having so many slot pairs at DCA. Unless US has a provision in the swap deal that it all has to work or none of it works, it would be possible for DL to get the LGA slots and then the DOJ sue US on anti-trust, anti-competition grounds to relinquish some or all the the DCA slots. Not much good for US either way. This only benefits US if the whole deal goes through as is.

 

[USA320Pilot]

The Slot Swap MOU has an exit clause where either party can walk away from the deal after November 1.

 

[USA320Pilot]

Delta and US Airways Welcome DOT Approval of Slot Transaction

Click here to read the story.

 

[USA320Pilot]

Delta, US Airways Say Nothing About Justice Department

Click here to read the story.

Delta Air Sees $100 Million LaGuardia Investment on Slot Trade

Click here to read the story

 

[SparrowHawk]

Hmm Wondering if the Law of Untended Consequences is about to pay a visit??

Associated Press
Analyst thinks Southwest will benefit in slot deal
Associated Press, 10.13.11, 11:32 AM EDT

NEW YORK -- In a horse trade of airport takeoff and landing rights between two major airlines, one analyst said Thursday that Southwest Airlines Co. might also be able to gain a bigger presence at New York's LaGuardia and Washington's Reagan National Airport.

Read more HERE

 

[Travelpro72]

Is it true that the east pilots have a clause in their contract that the shuttle can only be operated by mainline? I heard that was why they couldn't label PHL - BOS as shuttle when WN moved in due to express flying the route too. Any truth?

 

[SparrowHawk]

Is it true that the east pilots have a clause in their contract that the shuttle can only be operated by mainline? I heard that was why they couldn't label PHL - BOS as shuttle when WN moved in due to express flying the route too. Any truth?

Screw the pilots!

They have enough threads here.