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.

Become a CAPA Member to access Analysis Reports

This CAPA Premium Analysis Report is 1,395 words.
Become a CAPA Member

Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.

Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.

CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.