Etihad Airways has bought a 24% stake in Jet Airways for $379 million. The UAE carrier has agreed to subscribe for 27,263,372 new shares in Jet Airways at a price of INR754.74 per share. Etihad Airways’ wider overall commitment to Jet Airways includes the injection of US$220 million to create and strengthen a wide-ranging partnership between the two carriers. As part of this Etihad Airways paid $70 million to purchase Jet Airways’ three pairs of Heathrow slots through the sale and lease back agreement announced on February 27, 2013. Jet Airways continues to operate flights to London utilising these slots.

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In