English High Court Clears Payment for Airport Slots

Anonymous's picture

The High Court in London ruled on Thursday, 25 March, that EU Regulations do not prevent money being paid as part of an exchange of takeoff and landing slots between airlines. BA had exchanged slots with KLM, paying compensation to the Dutch airline in recognition of the greater value of its slots. The judgment does not however go so far as to permit airlines to sell their slots outright - a pair of takeoff and landing slots at Heathrow being estimated as being worth up to £3m ($5m)

(Originally posted by Jason Campbell)

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