Virgin Atlantic Announces Plans to Acquire Vacant Heathrow Slots

Virgin Atlantic, an airline subsidiary of UK-based Virgin Group, intends to bid for the acquisition of 12 slot pairs at London Heathrow Airport in UK.

The airline is keen to acquire the slots to facilitate its plans to commence short-haul services between Scotland and Heathrow, in the UK. The airport slots will come available when British Airways’ parent company, International Airlines Group (IAG), gives them up as part of its merger with BMI, British Midland International, an airline formerly owned by Lufthansa, a German airline company.

Virgin Atlantic chief commercial officer, Julie Southern, reportedly said in a discussion with Travel Weekly, ‘We will bid for all the slots. We have always provided competition to BA. That is Richard’s (Sir Richard Branson’s) raison d’etre. We believe we can provide point-to-point services. It would be an extension of our network using different aircraft.’

The airline also intends to use the airport slots for new services to Cairo, Riyadh, Nice and Moscow.

Julie Southern has also expressed her dismay at the EU competition commissioner’s decision on IAG’s acquisition of BMI, saying, ‘IAG won the go ahead for its GBP172 million deal to buy BMI from Lufthansa at the end of March. We find it hard to believe the full ramifications can have been investigated in such a short period. The whole process has been pretty disappointing.
We want all 12 (airport slots). We will wait to see the full judgment. There are so many aspects: can we get hold of them? What are the strings? Are there constraints? We are puzzled as to why the slots are in two groups. It would be sub-optimal for anyone to operate (only some of the slots). We feel all 12 should stay together.’

Other companies could also bid for the slots as and when they come available, with Aer Lingus one likely contender.