Air New Zealand has sold the London Heathrow slot. See the amount obtained!
In October 2020, Air New Zealand will stop flights on the Los Angeles - London Heathrow route. At the same time, New Zealand's national carrier will open the Auckland - New York (Newark) route.
As it will withdraw from London Heathrow Airport, Air New Zealand has sold the slot held at one of the busiest airports in the world.
Air New Zealand has sold the London Heathrow slot
According to information in the Australian press, Air New Zealand sold the London Heathrow slot for $ 27 million. The transaction was completed at the end of January 2020. The amount obtained is higher than the estimated $ 13-26 million. But well below the amount paid by Oman Air to Air France - KLM, in 2016, worth $ 75 million. The slot sold by Air New Zealand is for 11:00 (arrival) and 15:00 (departure).
London - Heathrow International Airport is one of the busiest airports in the world. Every year, the main airport in the capital of England is visited by over 80 million passengers. In 2019, traffic at Heathrow was 80 passengers. And because it is close to full capacity, the slot carriers can market them. Regardless of the price paid, it is definitely a profitable business.