Wednesday, February 27, 2013

BREAKING NEWS: Etihad buys Heathrow slots from Jet Airways for US$70 million

Etihad Airways builds relationship with India's Jet Airways
Etihad is building ties with Jet Airways [Photos: Etihad]
Earlier today, it was confirmed that Etihad Airways has concluded a transaction with Jet Airways to purchase the Indian carrier’s three pairs of Heathrow slots for US$70 million.

The purchase is part of a sale and lease back agreement signed on Tuesday, February 26, 2013.  Jet Airways will continue to operate flights to London utilising 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,” stated a press release from the UAE national carrier.

As previously advised, +Etihad Airways continues to progress discussions about further investment in Jet Airways.

4 comments :

  1. Waldemar MachalowskiMarch 1, 2013 at 1:28 PM

    I'm wonder how much Jet has to pay to lease them back? Somebody knows? Pls share as this is the crucial info!!

    ReplyDelete
  2. Great news to hear of expansion by a quality airline.

    ReplyDelete
  3. Eric, Yanxiang ZhangMarch 5, 2013 at 9:10 AM

    The Indian carrier is crazy.

    ReplyDelete
  4. Waldemar MachalowskiMarch 5, 2013 at 10:14 AM

    Why do you think so? They simply need cashflow...

    ReplyDelete

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