EasyJet, Jet2.com Buy Thomas Cook's UK Airport Slots

British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively, Reuters reported. Thomas Cook’s UK business and airline went into immediate insolvency when the company collapsed in September, and a court appointed an official receiver to liquidate its assets. EasyJet bought Thomas Cook’s slots at London Gatwick and Bristol airports for 36 million pounds ($46 million), while Jet2.com, owned by Dart Group, bought slots at Manchester, Birmingham and Stansted for an undisclosed price. London Gatwick and Manchester had been Thomas Cook’s main UK bases, and the liquidators have now sold all the available slots in Thomas Cook’s UK portfolio. Read more