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Delta And US Airways
Receives Approval To Transfer Flying Rights In NY And DC By Jim Douglas |
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July 26, 2011 - Delta Air Lines and US Airways welcome
the decision by the Department of Transportation to
tentatively approve the proposed slot transaction at New
York-LaGuardia and Washington Reagan National airports.
Upon final approval we intend to move forward with the
plan, as conditioned by the department, which will
enhance competition and allow the airlines to improve
service, consumer choice, modernize facilities and
create jobs at both airports. Delta and US Airways announced a new agreement to transfer takeoff and landing rights at New York's LaGuardia and Washington D.C.'s Reagan National airports. |
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This will enable Delta and US Airways to expand service and increase competition at two of the nation's key cities, and provide the opportunity for additional access to LaGuardia and Reagan National for new entrants and airlines with a limited presence at the airports.
Under the
agreement, Delta would acquire 132 slot pairs at LaGuardia from
US Airways and US Airways would acquire from Delta 42 slot pairs
at Reagan National and the rights to operate additional daily
service to Sao Paulo, Brazil in 2015, and Delta would pay US
Airways $66.5 million in cash. In addition, the airlines will
divest 16 slot pairs at LaGuardia and eight slot pairs at Reagan
National to airlines with limited or no service at those
airports.
The
completion of the transaction is subject to certain closing
conditions, including government and regulatory approvals. A
slot pair is the authority to operate one takeoff and one
landing.
Delta Air
Lines serves more than 160 million customers each year, Delta
and the Delta Connection carriers offer service to 355
destinations in 65 countries on six continents. Headquartered in
Atlanta, Delta employs 80,000 employees worldwide and operates a
mainline fleet of more than 700 aircraft.
US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,200 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. |