JetBlue Gears up to Vie for Slots at European Airports
12 April 2019 - 1:44AM
Dow Jones News
By Robert Wall
LONDON--JetBlue Airways Corp. (JBLU) Chief Executive Robin Hayes
is girding for a battle for airport takeoff and landing slots as
the U.S. carrier targets trans-Atlantic flights starting in
2021.
JetBlue plans to start serving London from New York and Boston,
and also has its eye on other European destinations such as
Amsterdam and Paris, Mr. Hayes said in London on Thursday, a day
after the carrier committed to launching trans-Atlantic service.
JetBlue can bring the planes and the service, he said, adding "the
thing we can't bring are the slots."
He urged regulators to make such positions available to newcomer
airlines to help foster competition.
JetBlue shares were up 2.6% after the carrier announced its
trans-Atlantic ambitions, which have been in the planning for
several years.
Mr. Hayes said that regulators should force incumbents to shed
slots when they do deals to grow, pointing to immunized joint
venture partnerships some of JetBlue's rivals that dominate
trans-Atlantic flying enjoy. British Airways parent International
Consolidated Airlines Group SA (IAG.LN) is in such a joint venture
with American Airlines Group Inc. (AAL), and Delta Air Lines Inc.
(DAL), which owns 49% of Virgin Atlantic Airways Ltd., also is a
joint venture partner with Air France-KLM. (AF.FR).
"We see London as really ground-zero in the current battle
around joint ventures," Mr. Hayes said in a speech at the Aviation
Club in London.
He signaled JetBlue was ready to expand its trans-Atlantic
ambitions. The airline is converting orders for 13 planes with
Airbus SE (AIR.FR) to the long-range A321LR to fly to Europe. Mr.
Hayes noted that when JetBlue introduced its premium Mint cabin, it
did so on 11 planes. It is now on 35.
Write to at Robert Wall at Robert.Wall@wsj.com
(END) Dow Jones Newswires
April 11, 2019 11:29 ET (15:29 GMT)
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