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Air New Zealand gets £20m for its London Heathrow landing and take-off slots

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Air New Zealand is ending services from the UK in October when it closes its Heathrow – Los Angeles – Auckland route.  Our article on the Air New Zealand UK closure is here.

Forbes is claiming that Air New Zealand received £20m (NZ$42m) for its daily take-off and landing slot.

Air New Zealand gets £20m for its London Heathrow slots

This may seem a lot, but it is well below the record $75m paid to Kenya Airways by Oman Air a couple of years ago.  The Air New Zealand price was hampered by the fact that the slots are not in the peak early morning period.

It is not clear which airline has bought the slots.

This trade acts as a stark reminder of why airlines will fly empty planes from Heathrow, for months if necessary, during coronavirus to ensure that their slots are retained.

The new ‘season’ starts in late March and a slot must be used on 80% of days during the following seven months (Winter starts in late October) if they are not to be forfeited.  The only way to circumvent this is by Government order.

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