(4) Completing the Slot Reallocation Transaction
On November 23, 2011, the FAA will notify the divesting carrier and the winning bidder for each bundle of the winning bid and contact information for completing the transaction. The Waiver requires the divesting carrier and each winning bidder to enter into a binding agreement with respect to the sale of the divested slots within five business days from the FAA’s notice of the winning bid. Accordingly, the FAA expects the carriers will notify the FAA that they have entered into binding agreements with respect to the sale of the divested slots, via email to [email protected], no later than December 1, 2011. That notification must certify that only monetary consideration will be or has been exchanged for the slots.
(5) Posting Bid Information
After the FAA receives notice of the binding agreement between the divesting carrier and the winning bidder, it will post on this web page the winning bid and identity of the winning bidder. The FAA also will post all other bid information with the name of the respective bidders.
In the unlikely event that no bids are received for a particular slot bundle, those slots would revert to the FAA. The FAA would post notice on this web page if no bids were received.
(6) Questions
If you have questions regarding this process, please contact Robert Hawks, FAA Office