DOT puts conditions on Delta-US Airways slot swap

AP News
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Posted: Jul 21, 2011 3:41 PM
DOT puts conditions on Delta-US Airways slot swap

The Transportation Department says it will allow Delta Air Lines Inc. and US Airways to trade landing rights in New York and Washington _ as long as they sell some of the rights to other airlines.

The government wants the airlines to sell eight takeoff and landing rights at Reagan National in Washington and 16 at LaGuardia in New York.

The airline proposal calls for Delta to give US Airways 42 pairs of takeoff and landing rights at Reagan along with cash in exchange for Delta getting 132 slot pairs at LaGuardia. The end result would be a much larger Delta presence at LaGuardia, and a larger US Airways Group Inc. presence in Washington.