Oct 16, 2019
Thomas Cook airport slots draw bids from rivals
One of Thomas Cook's most valuable assets - its take-off and landing slots at London's Gatwick airport - has attracted bids from several rival airlines ahead of an initial deadline. The 178-year-old travel company's airport slots are expected to trigger a bidding war, with offers received from carriers including easyJet, IAG, the owner of British Airways, and Wizz Air, according to people briefed on the process. The tour operator's Gatwick slots could be worth tens of millions of pounds because of the lack of capacity at the airport at peak times. People briefed on the matter said some of these slots - fewer than a third - may not have been fully used by the Thomas Cook. In 2017, British Airways bought 20 prime take-off and landing slots at Gatwick from collapsed airline Monarch, while Wizz Air bought Monarch's slots at Luton.
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