HEADLINES
Monarch Airlines’ slots at Gatwick Airport have been acquired by IAG, the parent of British Airways.
(BravoNovember / AviationImageNetwork)
International Airlines Group (IAG) – the owner of British Airways – has acquired more than 20 additional slot pairs at Gatwick Airport (LGW). They were previously allocated to Monarch Airlines, which collapsed with debts of around £466m on October 2, 2017. The deal was done after KPMG, the administrator for the failed low-fare carrier, was granted grandfathered slots at both LGW and London Luton Airport (LTN) for the summer of 2018 and ‘sold’ them to IAG.
