JetBlue wins landing rights in Washington, NY
JetBlue is buying landing rights in New York and Washington in a $72 million deal that reshuffles some of the players in air travel to those cities.
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#1 Dec 1, 2011
Seems a bit strange that bidders for the slots could have no more than 5% of the current slots at either airport but the original deal allows DL to ADD 132 slots at LGA and USAir to pick up even more at DC...which probably puts both of them above the 50% ownership mark in their respective markets.
I really think that the government should just stay out of business deals and let the market determine what consumers want.
#2 Dec 1, 2011
I hope that the proceeds go to the airlines that originally owned the slots and not the government.
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