Tagsairport slots

IAG buys Monarch’s slots, increases presence at Gatwick by third

International Airlines Group (IAG), the owner of British Airways, is purchasing the London Gatwick airport slots from the administrator of the recently-bankrupt UK carrier Monarch Airlines. British Airways, the largest airline in UK by the fleet size, is seen as the biggest beneficiary of the move as it allows expanding its presence at Gatwick. The […]

Monarch wins battle over its rights to airport slots

On November 22, Monarch Airlines won an appeal against a court decision that deprived the carrier of its rights over valuable airport slots. This allows the debt administrators to raise money for paying Monarch’s debts by transferring the slots at London’s Gatwick and Luton airports to other airlines. The Court of Appeal ruled that the […]