slot pair

English

Pronunciation

• Rhymes: -ɛə(ɹ)

Noun

slot pair (plural slot pairs)

1. (aviation) The commercial rights for an airline to take off and land planes at a particular airport at a particular time.
   • 2003, Air and Space Law, volume 28, page 275:

     Qantas 'bought' or acquired (outright purchases may well be illegal) two slot pairs for over USD 1 5 million per slot pair.

   • 2015, Bret Wallach, A World Made for Money: Economy, Geography, and the Way We Live Today:

     The airport was already full, which meant that any airline wanting to start Heathrow service had to find an airline willing to sell gate rights or, more accurately, slot pairs.

   • 2016, Anne Graham, Airport Finance and Investment in the Global Economy:

     In 2010 it was estimated that at Heathrow Airport, over 400 weekly slots were being traded and that the value of a slot pair was £30–40 million for pre-0900 arrivals and £10 million for 0900–1300 arrivals (Steer Davies Gleave, 2011).

   • 2016, Achim I. Czerny, Airport Slots: International Experiences and Options for Reform:

     Therefore, the air carrier is willing to pay a fee for the slot pair as long as the fee plus the opportunity cost of the investment are not higher than the expected profit for a given route.

Anagrams

• Tiraspol, strap oil