Southwest receives approval to acquire LaGuardia slots. A notable change of strategy for Southwest
Southwest Airlines received US Bankruptcy Court approval to invest USD7.5 million for assets held by bankrupt carrier, ATA Airlines, that include 14 slots at New York LaGuardia Airport, the nation’s most congested airport. The sale, however, will not be executed until a formal Chapter 11 plan for ATA is approved by the Court. ATA described the agreement with Southwest as a sale of the business, including operating certificates and trademarks.
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