Feb 27, 2013, 03.37 PM | Source: Reuters
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
Jet Airways stock price
On May 27, 2016, Jet Airways closed at Rs 604.45, down Rs 2.1, or 0.35 percent. The 52-week high of the share was Rs 783.30 and the 52-week low was Rs 248.50.
The company's trailing 12-month (TTM) EPS was at Rs 103.31 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 5.85. The latest book value of the company is Rs -284.52 per share. At current value, the price-to-book value of the company is -2.12.
The airline company's net profit zoomed to Rs 397
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