BA owner of the victories of the Monarch Gatwick slots

Getty Images

British Airways owner IAG has secured take-off and landing at London Gatwick airport that belonged to the Monarch, reports say.

Monarch collapsed in early October, and thousands of its customers had to be returned to the government rescue of the flights.

But its administrators, KPMG, won a court appeal last week for the right to sell Monarch of slots at Gatwick airport, the uk’s second largest airport.

IAG has gained most of the monarchs of Gatwick slots, AP and Reuters reported.

EasyJet, Wizz and norway had also been keen to acquire the slots.

The monarch of take-off and landing at Luton airport are also being auctioned. Together, Gatwick airport and Luton airport slots is expected to an approximate value of £60 m of depth.

IAG declined to comment on the reports.