A bill to prohibit the buying and selling of operating rights at high density traffic airports, and for other purposes.

[AI summary unavailable — showing source text] Requires the Secretary of Transportation (the Secretary) and the Administrator of the Federal Aviation Administration (the Administrator) to: (1) repeal a certain final rule which permits airlines to buy and sell landing rights at specified high density traffic airports; and (2) refrain from issuing a rule, regulation, or order restricting instrument flight rule takeoffs or landings at any airport that is inconsistent with this Act (thus prohibiting future rules permitting the transfer of operating rights). Requires the Administrator to establish a method for the equitable allocation of operating rights ("slots") at high density traffic airports which is consistent with aviation safety. Requires that such slot allocations be made by separate air and commuter carrier scheduling committees established for each high density traffic airport. Directs the Administrator to establish the composition of such committees. Requires such committees to allocate and reallocate slots according to a time schedule established by the Administrator. Requires the Administrator to provide slots for foreign air transportation and for essential air transportation. Requires the Administrator to: (1) establ…