slot pair
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English[edit]
Pronunciation[edit]
- Rhymes: -ɛə(ɹ)
Noun[edit]
slot pair (plural slot pairs)
- (aviation) The commercial rights for an airline to take off and land planes at a particular airport at a particular time.
- 2003, Air and Space Law, volume 28, page 275:
- Qantas 'bought' or acquired (outright purchases may well be illegal) two slot pairs for over USD 1 5 million per slot pair.
- 2015, Bret Wallach, A World Made for Money: Economy, Geography, and the Way We Live Today:
- The airport was already full, which meant that any airline wanting to start Heathrow service had to find an airline willing to sell gate rights or, more accurately, slot pairs.
- 2016, Anne Graham, Airport Finance and Investment in the Global Economy:
- In 2010 it was estimated that at Heathrow Airport, over 400 weekly slots were being traded and that the value of a slot pair was £30–40 million for pre-0900 arrivals and £10 million for 0900–1300 arrivals (Steer Davies Gleave, 2011).
- 2016, Achim I. Czerny, Airport Slots: International Experiences and Options for Reform:
- Therefore, the air carrier is willing to pay a fee for the slot pair as long as the fee plus the opportunity cost of the investment are not higher than the expected profit for a given route.