Mon, Aug 30, 2010
Southwest, Continental Airlines Enter Into Slot Lease At Newark
Liberty International Airport (KEWR)
Southwest Airlines and Continental Airlines confirmed late last
week that they have entered into a lease agreement providing
Southwest Airlines access to 36 Newark Liberty International
Airport (EWR) slots which are currently held by Continental.
The lease deal, contingent upon the closing of the Continental
and United airlines' merger by November 30, 2010, and certain
governmental approvals, would give Southwest Airlines the right to
operate up to 18 daily roundtrip flights at Newark, New Jersey,
with some flights beginning in March 2011 and a full schedule in
place by June 2011. The slots are spread throughout the day and
would allow Southwest the ability to easily integrate Newark
service into its national route network.
"We ... plan to enable that service starting next March through
continued flight schedule optimization using our existing fleet,"
said Bob Jordan, Southwest Airlines Executive Vice President
of Strategy and Planning. "We've seen tremendous demand for
Southwest Airlines in the New York City/Newark area in the past
year. Adding Newark provides an excellent complement to our
LaGuardia and Long Island service, giving ... one more option for
travel to and from the greater New York City/New Jersey area."
Southwest is working with the Federal Aviation Administration,
the Port Authority of New York and New Jersey, and Continental and
United Airlines to finalize arrangements for commencing its Newark
service in March 2011, including the approval of the acquisition of
the necessary airport gates and facilities. Details on what cities
Southwest will serve from Newark and on what dates that service
will begin have not yet been determined.
"The divestiture of slots at Newark by the combined
Continental/United will ensure competition is enhanced, and we
appreciate the Department of Justice's role in finding a fair
solution," Jordan said.
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