What is a slot at an airport?
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In the context of airport coordination, a slot is an authorization to either take-off or land at a particular airport on a particular day during a specified time period. This authorization is for a planned aircraft operation and is distinct from air traffic control clearance or similar authorizations.
What is slot trading in aviation?
most efficient allocation of airline slots at international airports. Slots are a bundle of rights that allow. airlines to take off, land and use other infrastructure at a given airport. They are a key input into the downstream provi- sion of air travel services.
What airports have slots?
In the U.S., there are four airports with FAA slot controls:
- New York’s LaGuardia Airport (LGA)
- New York’s John F. Kennedy International Airport (JFK)
- Newark Liberty International Airport (EWR)
- Ronald Reagan Washington National Airport (DCA)
How are landing slots allocated?
Slots may be administered by the operator of the airport or by a government aviation regulator such as the U.S. Federal Aviation Administration. Landing slots are allocated in accordance with guidelines set down by the International Air Transport Association (IATA) Worldwide Airport Slots Group.
What is the difference between a slot and a slat?
What’s the difference? Slats are the same as slots – except they open and close.. In fact, slots are often called slats – though technically they’re a “fixed slat.”
How do aircraft slots work?
A slot is a period of time at a specific time, usually 20 minutes, during which an aircraft can take off or land. These slots are reserved for the flight and linked to an aircraft registration, the aircraft may only move within this period. The allocation is made by the local airport authorities.
How are airport slots allocated?
Private airports that operate under a joint venture allocate slots in consultation with AAI. Such airports look at the requests of airlines with reference to runway capacity as advised by AAI. If the request is within the capacity, airports approve the slots.
What is a landing slot or takeoff slot?
A landing slot, takeoff slot, or airport slot is a permission granted by the owner of an airport designated as Level 3 (Coordinated Airport), which allows the grantee to schedule a landing or departure at that airport during a specific time period.
What is an airline slot?
Before we get into any details, let’s take a look at the definition of an airline slot. An airport slot, landing slot, or takeoff slot can be described as permission granted to a specific airline by the operator of the airport.
What is the value of an allocated landing slot?
Allocated landing slots may have a commercial value and can be traded between airlines. Continental Airlines paid US$ 209 million for four pairs of landing slots from GB Airways at London Heathrow Airport, $52.3m each.
How are airline landing slots administered?
Landing slots at airports may be administrated by the airport or by a government air traffic regulator such as the American Federal Aviation Administration (FAA). Stay informed: Sign up for our daily aviation news digest.