Etihad Airways Buys Indian Airline’s Heathrow Slots

Etihad Airways Buys Indian Airline’s Heathrow Slots

*Travel News Asia*	*Latest Travel News*	*Podcasts*	*Videos*	*Thursday, 28 February 2013*

Etihad Airways has concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of Heathrow slots for US$70 million.

The purchase is part of a sale and lease back agreement signed on Tuesday, 26 February 2013.

Jet Airways will continue to operate flights to London utilising these slots.

The deal further strengthens the existing commercial relationship, which came into effect in July 2008, making provision for codesharing between the two airlines.

Etihad Airways in also in discussions about further investment in Jet Airways.

Jet Airways, Etihad Airways, Abu Dhabi, London, Heathrow

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