Flybe confirms Gatwick slot discussions
Flybe has confirmed reports that it is in talks with airlines about selling some of its Gatwick arrival and departure slots.
Reports in the Sunday Times yesterday suggested that the regional airline, which posted worse annual losses than feared last month, was in talks with easyJet and could raise up to £20 million from disposing of 25 slot pairs.
Flybe issued a statement to the London stock exchange this morning saying: "Flybe notes the recent speculation in the press.
"The board announces that it is in discussions with a number of parties which may or may not lead to a transaction regarding the exchange for compensation payment of the arrival and departure slots at Gatwick airport.
"Discussions are ongoing and there can be no certainty as to whether any transaction will be forthcoming. A further announcement will be made as soon as appropriate."
EasyJet would not comment on the reported discussions.
Flybe lost its fight against Gatwick airport over increased summer landing charges in January after the Civil Aviation Authority said the airport did discriminate against some airlines but that the discrimination was not unreasonable, see previous story.
Diane
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