Jasondn
Topic Author
Posts: 111
Joined: Sat Nov 10, 2007 4:13 pm

SA Sells 6:20am LHR Landing Slot

Tue Jul 17, 2012 9:47 am

Hi Guys,

If posted before, please delete.

It appears SA has sold it's LHR landing slot after canceling the CPT to LHR route.

http://www.news24.com/Travel/Interna...sells-prime-Heathrow-slot-20120717
 
ZK-NBT
Posts: 4870
Joined: Mon Oct 16, 2000 5:42 pm

RE: SA Sells 6:20am LHR Landing Slot

Tue Jul 17, 2012 9:54 am

It has been mentioned somewhere earlier.

Anyway they sold it to SQ who will add a 4th daily SIN-LHR service.
 
imag
Posts: 63
Joined: Thu Feb 22, 2007 5:11 am

RE: SA Sells 6:20am LHR Landing Slot

Tue Jul 17, 2012 9:57 am

In the discussion thread about the Cape Town route being dropped, the understanding was that it would be leased out and specifically to SQ. The sale of the slot is something new.

I really, really just hope the money doesn't get burnt up in operating costs and no bonuses get paid for the extra profit.
 
migair54
Posts: 2101
Joined: Thu Jun 14, 2007 4:24 am

RE: SA Sells 6:20am LHR Landing Slot

Tue Jul 17, 2012 6:42 pm

how much are we talking about??? it will be interesting to know...
 
boeing773er
Posts: 478
Joined: Sat Dec 03, 2011 7:23 pm

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 1:08 am

Quoting migair54 (Reply 3):

Ah I am wondering the same thing, I believe in 2008 CO paid $4 million for a pair.

I also wonder since it is leased I wonder if it is by the week/month/year
Work Hard, Fly Right.
 
LAXintl
Posts: 20183
Joined: Wed May 24, 2000 12:12 pm

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 1:11 am

Yes was mentioned as part of thread covering the withdrawal of CPT-LHR service.

SAA Cancel Cape Town London After 20 Years (by cv990coronado Jun 5 2012 in Civil Aviation)

=
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jumpjets
Posts: 1111
Joined: Tue Apr 10, 2012 2:17 pm

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 9:36 am

Quoting boeing773ER (Reply 4):
Ah I am wondering the same thing, I believe in 2008 CO paid $4 million for a pair.

According to the Financial Times [UK business newspaper]: http://www.ft.com/cms/s/0/fc7dc528-e...99-00144feabdc0.html#ixzz20xtFiEDu

In 2008 Continental paid a record price for Heathrow slots of $209m for four pairs. The FT also estimates that BA paid around $200m for six pairs of LHR slots in 2011. Naturally the price moves up and down but SAA could be looking at $30m-$50m for their slot - probably a heck of a lot more than the profits they would make on their CPT-LHR route.
 
jfk777
Posts: 5830
Joined: Tue Aug 22, 2006 7:23 am

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 11:16 am

Quoting jumpjets (Reply 6):
In 2008 Continental paid a record price for Heathrow slots of $209m for four pairs. The FT also estimates that BA paid around $200m for six pairs of LHR slots in 2011. Naturally the price moves up and down but SAA could be looking at $30m-$50m for their slot - probably a heck of a lot more than the profits they would make on their CPT-LHR route

It would be sad for SAA to sell the Cape town slot, they should lease it out. This is a strategic asset at the most important international destination for SAA. The day will come when they will want to add back a third flight from South Africa which could be a third JNB flight.
 
SA7700
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Joined: Thu Dec 18, 2003 9:38 pm

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 12:03 pm

Quoting jfk777 (Reply 7):
It would be sad for SAA to sell the Cape town slot, they should lease it out. This is a strategic asset at the most important international destination for SAA.

I totally agree with your statement. LHR slots are valuable and SAA should think twice before selling it off instead of leasing it out (if possible) IMHO. Everything should not be funneled through JNB. Watch out SAA!
When you are doing stuff that nobody has done before, there is no manual – Kevin McCloud (Grand Designs)
 
speedbird128
Posts: 1562
Joined: Tue Oct 28, 2003 2:30 am

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 12:46 pm

Quoting SA7700 (Reply 8):
I totally agree with your statement. LHR slots are valuable and SAA should think twice before selling it off instead of leasing it out (if possible) IMHO. Everything should not be funneled through JNB. Watch out SAA!



But SAA *don't* think. That is the problem. If they used their brains, they wouldn't need to be asking for another R6 BILLION bailout/funding/whatever...

They seem rather inept at running a business. Watch this space. They will be running around showing how much *profit* they made, just like when the fleets were sold off and leased back. That is money down the tubes never to be seen again. After their slots go, and the money of the sales (wasted) into the breeze, they will have nothing to their name, but overly high operating costs...
A306, A313, A319, A320, A321, A332, A343, A345, A346 A388, AC90, B06, B722, B732, B733, B735, B738, B744, B762, B772, B7
 
anstar
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Joined: Sun Nov 23, 2003 3:49 am

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 12:59 pm

It is a shame that LHR doesnt grow - would be nice to see airlines able expand without having to pay ridiculous sums of cash for slots. I guess that is why Czech pulled out.... selling slots was more profitable than the flying.
 
jfk777
Posts: 5830
Joined: Tue Aug 22, 2006 7:23 am

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 2:18 pm

Quoting SA7700 (Reply 8):
totally agree with your statement. LHR slots are valuable and SAA should think twice before selling it off instead of leasing it out (if possible) IMHO. Everything should not be funneled through JNB. Watch out SAA!

In these times of cross border airlne mergers like in Latin America, SAA should consider a LATAM African type company. Ethiopian Airlines would make a grea airline to merge with if the politics stay out of it. IT may be wishful thinking but if the future has arrived in one largely third world part of the world it will get to others, its not "if" but "when ".
 
2travel2know2
Posts: 2299
Joined: Mon Apr 26, 2010 3:01 pm

RE: SA Sells 6:20am LHR Landing Slot

Wed Jul 18, 2012 2:50 pm

After those LHR slots are gone, well if SA ever wants to re-start CPT-LON - even if thrice weekly, red-eyes both ways - it'll be to LGW (or to LHR partner airport STN?).
Would SA crews make such a fuss of arriving in LHR and having to depart from LGW or the other way around?
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