[Federal Register Volume 73, Number 218 (Monday, November 10, 2008)]
[Rules and Regulations]
[Pages 66516-66517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-26567]
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DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 93
[Docket No. FAA-2008-0517; Amdt. No. 93-88]
RIN 2120-AJ28
Congestion Management Rule for John F. Kennedy International
Airport and Newark Liberty International Airport; Correction
AGENCY: Federal Aviation Administration (FAA), DOT.
ACTION: Final rule; correcting amendment.
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SUMMARY: The FAA is correcting a final rule published in the October
10, 2008, Federal Register. The final rule addressed congestion in the
New York City area by assigning slots at John F. Kennedy (JFK) and
Newark Liberty (Newark) International Airports in a way that allows
carriers to respond to market forces to drive efficient airline
behavior. The original rule incorrectly identified the date by which
limited slots will revert to the FAA for auction. This rule corrects
the date.
DATES: This correction will become effective on December 9, 2008.
FOR FURTHER INFORMATION CONTACT: Rebecca MacPherson, FAA Office of the
Chief Counsel, 800 Independence Ave., SW., Washington, DC 20591;
telephone (202) 267-3073; e-mail [email protected].
SUPPLEMENTARY INFORMATION:
Background
On October 10, 2008 (73 FR 60544), the FAA published a final rule
that will grandfather most of the existing operations at the airports.
However, carriers will be required, for the first time, to purchase
collectively approximately ten percent of the slots at each of the
airports. There are no carve-outs or special provisions for new
entrants or limited incumbents. This rule will improve the efficiency
of the National Airspace System by forcing a market-based mechanism for
establishing the value of slots. Under prevailing economic theory, once
the true value of slots is assessed, carriers
[[Page 66517]]
will make financial business decisions that would maximize the slots'
use.
In the final rule, the FAA intended the initial reversion of slots
for auction to take effect 30 days after the final rule's effective
date, which would be January 8, 2009. This was the time period
referenced in the final rule as approved by the Office of Management
and Budget. The January 13, 2009 date published in the Federal Register
reflects an incorrect time period of 35 days following the final rule
effective date.
At present, the FAA intends to auction the initial slate of slots
on or about January 12, 2009. While the slots revert to the FAA under
the rule on January 8, 2009, the FAA is not required to conduct the
auction on that date, and no carrier will lose the ability to operate
any slot that meets the usage requirements of the John F. Kennedy (JFK)
and Newark Liberty (Newark) International Airport Orders before October
25, 2009. Accordingly, this correction notice will have no practical
impact on carriers operating at the airports.
Correction
0
In final rule FR Doc. E8-24046 published on October 10, 2008 (73 FR
65044), make the following correction.
Sec. 93.165 [Corrected]
0
On page 60569, in the third column, in Sec. 93.165, paragraph (c),
remove the date ``January 13, 2009'' and add in its place the date
``January 8, 2009''.
Issued in Washington, DC, on November 3, 2008.
Pamela Hamilton-Powell,
Director, Office of Rulemaking.
[FR Doc. E8-26567 Filed 11-7-08; 8:45 am]
BILLING CODE 4910-13-P