Slot Ownership and Leasing: Ideas for a Self-Implementing European Reform

Airport slot policy in the European Union remains controversial and intricately regulated. In January 1993, the first EC regulation of slots, Regulation 95/93, was adopted under the assumption that it would soon be reviewed and amended or replaced. Subsequently a number of efforts at amendment failed and others have stalled or remain in partial stages of completion. The legislative history could fill several volumes, and there have been dozens of volumes of studies along the way, as policymakers tried to bridge conflicting positions. This paper explores the idea of a different and more market-driven approach to slot ownership.

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