Article: Federal Court Stays Slot Auction.

Industry leaders lauded the decision of a U.S. District Court of Appeals yesterday that precludes the January slot auction planned by the Department of Transportation to auction slots at the New York area airports. The ruling came after Air Transport Association, Continental Airlines and the Port Authority of New York and New Jersey filed for the stay unless and until the court formally considers and rules on the merits of the case.

"One thing we do understand that was made crystal clear at today's Crystal City seminar - auctioning slots at JFK, LaGuardia and Newark will certainly make it more expensive and less convenient - perhaps even impossible-- for ...

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