Regulators say auctions may ease delays in New York

12/6/2007 | Bloomberg1

An auction system could help ease delays at New York City's airports, regulators say. Requiring carriers to bid for takeoff and landing slots would create financial incentives for carriers to use fewer planes or shift flights to off-peak hours, regulators say. Air Transport Association President James May said any solution to the congestion problem should not put carriers at a disadvantage, adding that carriers have invested hundreds of millions of dollars in the three airports in the New York City area.

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