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Aero-News: Quote of the Day (10.01.08)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"We conclude that FAA may not auction slots under its property disposition authority, user fee authority, or any other authority, and thus also may not retain or use proceeds of any such auctions."

Source: Gary Kepplinger, general counsel for the Government Accountability Office. The GAO issued a legal opinion Tuesday, stating the Federal Aviation Administration has no legal authority to auction off takeoff and landing slots at the nation's largest airports. But how much weight that ruling actually carries remains murky at best, as GAO decisions are non-binding.

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