New Slot Trading Site

AIRPORT COORDINATION Limited (ACL) has launched a new slot trading web portal (slottrade.aero) aimed at making the previous ‘grey market’ in airport slots more open, efficient and transparent.  The website allows airlines to advertise available and desired slots in a secure and confidential way, and provides a registry of completed slot trades.
The market in airport slots, where airlines trade landing and take-off rights, has become increasingly important at airports with limited capacity.  Since 2001 there were about 200 slot trades at London/Heathrow involving more than 2,300 weekly slots, equivalent to about 25% of the total number available.
Slot trading was essential to the implementation of the EU-US Open Skies agreement in 2008, when US carriers like Continental Airlines, Delta Air Lines and US Airways were able to start flights from London/Heathrow using slots acquired from incumbent airlines.  Others major airlines such as Emirates Airline, Etihad Airways, Jet Airways and Virgin Atlantic at Heathrow, and easyJet, Flybe and Aer Lingus at Gatwick, have relied on the slot market to develop competitive services.
ACL is responsible for slot allocation, schedules facilitation and schedule data collection at a large number of UK airports as well as Dubai International and at facilities in Abuja and Lagos in Nigeria.