Auction Procedures for Allocating Slots at LaGuardia, John F. Kennedy International, and Newark Liberty International Airports

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In accordance with rulemaking activity that is not yet complete, the FAA may use an auction to allocate leases for a certain number of slots at New York's three main airports: John F. Kennedy (JFK), Newark (EWR), and LaGuardia (LGA). If the FAA decides to conduct auctions, the number of slots to be allocated via auction will be specified in the final rule and may be supplemented by additional capacity and/or slots returned to the FAA. As specified in the proposed Congestion Management Rule for LaGuardia Airport and the proposed Congestion Management Rule for John F. Kennedy International Airport and Newark Liberty International Airport, FAA anticipates, if the rule is adopted, conducting an auction of slot leases at these airports once a year over a five year period.\1\ The FAA expects to conduct the first auction, if any, on January 12, 2009. This auction will be for slots at LGA, JFK, and EWR. Only certificated U.S. aircraft operators or foreign airlines may participate in these auctions.\2\ ---------------------------------------------------------------------------