Norwegian Air CEO Interested in Collapsed Monarch's Airport Slots

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Budget carrier Norwegian Air Shuttle is interested in slots made available by the collapse of British holiday airline Monarch, its chief executive told Reuters, but said the process is unclear. Monarch collapsed earlier this month, stranding thousands of people, and sparking speculation about what will happen to the take-off and landing slots it occupied at airports such as London Gatwick and Luton, Reuters reported. “We could very well use the slots, but it’s not that easy to actually transfer slots,” Norwegian Air CEO Bjorn Kjos told Reuters on the sidelines of the CAPA Global Summit. Monarch administrators KPMG are hoping they can raise funds from the sale of the slots and have said they believe they have the right to sell them. “It depends on the price. It’s always depending on the price. But normally, it’s not that easy to sell slots,” Kjos said. Norwegian has expanded rapidly in recent years and is shaking up the transatlantic market by offering low-cost long-haul flights. Read more.