Another big-ticket Heathrow slot sale announced

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• London Traveller says:

  18 Jun18 June 08:21

  Are you sure airlines still need to go through the process described above to trade slots? I thought slot trading had now been confirmed as legal.

  Also, are you sure BA actually sold a slot pair to Qatar? Leasing a slot I could understand, but not selling one.

  • Phillip says:

    18 Jun18 June 08:37

    Qatar was in advanced talks to buy one of Cyprus Airways’ two pairs a year ago but pulled out after Cyprus Airways cleverly and publicly revealed details from the negotiations and so Qatar pulled out. They instead sold for a vastly reduced rate to MEA. I would say, had they not been so desperate for cash, they could have sold the slot to American for a great deal more!

  • Rob says:

    18 Jun18 June 09:24

    £20m for an outright sale was, if I remember rightly, the number I saw. Don’t take that as gospel.

    • Tim says:

      18 Jun18 June 09:50

      Of course, not all slots are at good times. The slot sold to Qatar wasn’t a great timing I believe. If you want to succeed in new markets, you need early morning arrival slots, and they are far more valuable than a mid afternoon / evening slot

      • Rob says:

        18 Jun18 June 12:00

        If the slot works well for a flight to Qatar, it should work ok for a flight to India, allegedly a big BA target market ….

        • TimS says:

          18 Jun18 June 12:35

          True, but I guess it also depends on getting a matching slot at the other end. While I wouldn’t expect it to be too difficult, I know that it isn’t always easy due to runway closure times.

          I have seen first-hand how difficult it can be for Ops to arrange landing/take-off slots close to runway opening/closure times, and India is one of the worst for this. The last thing BA would want to do would be to have a plane stranded due to a runway closure.

• Lady London says:

  18 Jun18 June 10:37

  Maybe I’m wrong but I always thought slots at Heathrow was the reason Lufty bought British Midland in the first place. After all, they didn’t do much with BMI other than mess around with it, did they? And even more the slots being the reason British Airways then bought BMI of Lufty.

  Perhaps someone who knows more than me will be able to say if this is rubbish!

  • Rob says:

    18 Jun18 June 11:57

    BA bought BMI for the slots, undoubtedly. LH’s plan for BMI was not clear. However, in a decade, the failure of Virgin or LH to buy BMI (remember LH had an option to buy it which BA could not have blocked) will be seen as a huge strategic mistake. They have no chance now of closing the gap on BA, growth for Virgin at Heathrow will be very hard.

• colm says:

  18 Jun18 June 15:49

  Every so often, Irish politicians talk about the Heathrow slots as “national assets”. I think if Aer Lingus tried to sell off any great number of them, they might face some problems at home.

• Londonbus says:

  19 Jun19 June 22:44

  Absolutely agree with Colm. Despite a century of independence (*) we still remain joined at the hip to our Irish cousins. Thank God.

  (* I have an Irish mother, English father, am “incredibly English and middle class” and also freak people out about my passionate love of Ireland).I hope our cousins north of the border understand this…

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