Moneycontrol > News > Business

Feb 27, 2013, 03.37 PM IST

Etihad buys Heathrow slots from Jet for $70m

Abu Dhabi's Etihad Airways paid $70 million to Jet Airways to buy three pairs of Jet's slots at London's Heathrow Airport, the Gulf carrier said in a statement on Tuesday

Source: Reuters
Share Share on Tumblr
Share  .  Email  .  Print  .  A+
Etihad buys Heathrow slots from Jet for $70m
Abu Dhabi's Etihad Airways paid $70 million to Jet Airways to buy three pairs of Jet's slots at London's Heathrow Airport, the Gulf carrier said in a statement on Tuesday.


"The purchase is part of a sale and leaseback agreement signed on Tuesday," the statement said, adding that Jet would continue flying to London using the slots.


Etihad, which is in talks with Jet on possibly taking a stake in the Indian firm, added that discussions about further investment in the Indian airline were continuing. It did not elaborate.


Also read: Etihad signs agreement with Kenya Airways


Set email alert for

Tags: Etihad Airways, Jet Airways, , Heathrow Airport
Online fraud: Why should you not blame banks

Related News
Leak shows forthcoming VPN and Bluetooth 4.0 support for Windows RT
Rajat Gupta vs Raj Rajaratnam: The 21st century Great Gatsby "Rajat Gupta vs Raj Rajaratnam: The 21st century Great Gatsby"
The IPL 6 Bench-warmers XI
Murray pulls out of French Open due to injury

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18
News Videos

May 22 2013, 13:11

Nifty to consolidate; go long above 6200: ICICI Direct

- in MARKET OUTLOOK

May 22 2013, 10:44

Average inflation has almost doubled in UPA II: Zarabi

- in Economy

Follow moneycontrol.com

Facebook Twitter Google Plus RSS Wap SMS SMS Alert iPad iPhone Blackberry OVI Android Window