Etihad Airways has purchased Jet Airways’ slots at Heathrow airport for US$70 million.
The three pairs of slots will be leased back to the Indian carrier, which will continue to operate its London services.
In a statement Etihad said that “The deal further strengthens the existing commercial relationship, which came into effect in July, 2008, making provision for codesharing between the two airlines”.
Last month it was reported by local media that Etihad was closing in on a deal to take a stake in Indian carrier Jet Airways (see online news January 22).
No further details have yet been released, but the Gulf carrier confirmed that “As previously advised, Etihad Airways continues to progress discussions about further investment in Jet Airways”.
For more information visit etihadairways.com, jetairways.com.
Report by Mark Caswell
