Etihad Airways has concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of London Heathrow airport slots for $70 million. The purchase is part of a sale and lease back agreement signed on February 26, 2013. Jet Airways will continue to operate flights to London using 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. It has been reported that Etihad Airways is seeking a revision to its deal to acquire a 24% stake in Jet Airways since Etihad chairman
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.