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Airport slots are specific time periods allocated to airlines for takeoff or landing at congested airports. These slots are crucial for managing airport capacity and ensuring efficient operations.
The allocation process varies by region, with some airports using historical precedence while others employ auction systems. In Europe, slot allocation is governed by the Worldwide Slot Guidelines, administered by coordinators at busy airports.
Slot constraints significantly affect airline scheduling, route planning, and market competition. Airlines often trade or lease valuable slots, making them substantial financial assets. Major hub airports like London Heathrow, New York JFK, and Tokyo Haneda face particularly challenging slot management issues.
Recent developments include discussions about environmental considerations in slot allocation and the impact of COVID-19 on slot usage rules. The future of slot management may involve more dynamic systems using advanced technology and data analytics. |
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