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Fort Worth's top CEOs honored at FWBP event

The Fort Worth Business Press announced its Top CEOs last night at its Top 100 event held at the Fort Worth Club.

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North Tarrant Express completion date moved up to October

Fort Worth-area commuters can expect the 13.3-mile North Tarrant Express to open in full operation in October, eight months ahead of the original schedule.

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Left Bank project hits roadblocks on access, traffic

Questions about fire access and traffic are bogging down talks on an economic incentive agreement for the planned, $300 million Left Bank development on the Trinity River at West Seventh Street, Fort Worth officials and the developer acknowledge.

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TCU's Neeley School receives $30M donation as part of planned expansion

A $30 million foundation gift to Texas Christian University will help guide a $100 million facility expansion for the Neeley School of Business.

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UPS adding Alliance, McKinney locations and 500 area jobs

UPS said Aug. 21 it will add two new package distribution facilities in the Dallas-Fort Worth area

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US approves Southwest, Virgin for LaGuardia slots

 

Southwest Airlines plane

DAVID KOENIG, AP Airlines Writer


DALLAS (AP) — The government will let Southwest Airlines and Virgin America buy takeoff and landing rights at New York's LaGuardia Airport that American Airlines and US Airways agreed to sell to win approval for their merger.

The airlines disclosed Thursday that the Federal Aviation Administration had approved transfer of the rights, which are also called slots, earlier this week.

Slots are limited at the busy airport near Manhattan, making them a coveted item when they go on the market.

Last month, American and US Airways agreed to give up some of their slots at LaGuardia and Washington's Reagan National Airport to settle an antitrust lawsuit that the Justice Department filed to block their merger.

Southwest will get to keep the rights for five takeoffs and landings per day that it was already leasing from American and gain enough slots for six more daily flights. Virgin America will get enough slots for six flights per day.

In an order approving the transfers, FAA acting chief counsel Marc Warren said they were in the public interest and wouldn't reduce safety.

Dallas-based Southwest already operates at LaGuardia, but Virgin America does not. The California-based airline flies to Los Angeles and San Francisco from Newark, N.J., and to those cities plus Las Vegas from New York's Kennedy Airport.

Virgin had expressed interest in anything that American and US Airways would be forced to give up, including LaGuardia rights, said spokeswoman Abby Lunardini. She said that the airline would announce more details on where it will fly from LaGuardia in the coming weeks. Southwest did not have an immediate comment.

No announcement has been made on who will get to buy the Reagan National slots. American and US Airways also agreed to give up gates at five other airports — Los Angeles International, Boston Logan, Chicago O'Hare, Miami and Dallas Love Field.

The Justice Department sued in August to block the American-US Airways merger, which will create the world's biggest airline, saying that the deal would reduce competition and cause prices to rise. When it settled the lawsuit before trial, the department said that the takeoff and landing rights and gates that American and US Airways were giving up should go to low-cost airlines and not to big, so-called legacy carriers such United and Delta.
 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?