A phrase, when used with an altitude assignment, indicating ATC has
offered the pilot the option of starting a climb or decent whenever
the pilot desires, and they may climb or descend at any rate they
desire.
"We hope to be in operation by late 2009 or early
2010."
Source: Randy Curtis, executive director of
Florida's Panama City-Bay County International Airport. The airport
will move to a new, much larger facility by 2010. It will be the
first such airfield built in the US in 10 years.