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IAG lands Monarch's Gatwick slots

International Airlines Group has secured the majority of Monarch’s take-off and landing slots at Gatwick airport, according to Press Association.

Monarch administrator KPMG won the right to sell the slots last week, which it claimed were its most valuable assets and could be worth up to £60 million. Several airlines, including Easyjet, Wizz Air and Norwegian, had expressed interest in buying the failed carrier’s slots in London.

According to the Independent, IAG has confirmed the purchase but has not said how much it paid. The group says the slots will primarily be used by British Airways to launch new destinations and increase frequency on existing routes.

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