United and Continental Airlines have
reached agreements to lease 18 pairs of take-off and landing slots
(roundtrip flights) during peak and off-peak travel times and
certain related facilities to Southwest Airlines at Newark Liberty
The agreement is intended to address United
States Department of Justice concerns related to
proposed merger with United.
“We think this would be a fair solution that
would allow Continental and United to create an airline that will
provide customers with an unparalleled global network and top
quality products and services, while enhancing domestic
competition at Newark,” said Jeff Smisek, Continental’s chairman,
president and CEO.
Continental and United currently operate 442
daily roundtrip flights into and out of Newark Liberty. The
leasing of the first of the 18 daily slot pairs will begin in late
March 2011 and the leasing arrangement will be fully implemented
in June 2011.
U.S. Department Of Justice Completes Antitrust Review
See other recent news regarding: