EWR For Sale On Virgin America (by dwcontroller Dec 10 2012 in Civil Aviation)
Within the thread there was a cited source that said VX was getting the slots from AA. I (mistakenly) assumed that AA was reducing flights elsewhere and then selling those slots to VX. Apparently that's not the case, though.
The Dallas Morning News has updated the story with new information.
Virgin America is getting Newark slots from American Airlines (and United and Porter are losing them)
Dallas Morning News
January 3, 2013
American Airlines is asking the U.S. Bankruptcy Court to let it lease 15 takeoff and landing slots at Newark Liberty International Airport to Virgin America.
And, as it turns out, 10 of the slots are currently leased to United Airlines and four are leased to Canadian carrier Porter Airlines. The other slot is currently operated by American.
In its Wednesday evening filing, American asked the court to approve its rejection of the United and Porter slot leases as of Saturday, March 30. The slots then go to Virgin America on Sunday, March 31, two days before VA begins Newark flights.
We also learn from the filing that American actually signed the agreement to lease the slots to Virgin America on Sept. 28, 2012. We also learn that American (actually subsidiary American Eagle) leased the slots to United and Porter in 2008, with the leases to expire in 2019.
So, is there any chance that the courts will not allow AA to reject United's and Porter's leases?
And if the leases are rejected, wouldn't UA have to either reduce frequencies on their competing service with VX and/or cut flights to other cities?