Etihad Airways, which currently is in talks to purchase a stake in Jet Airways, has acquired the Indian carrier’s three pairs of slots at London Heathrow Airport. Under the deal, which is valued at $70 million, Jet will lease the slots from Etihad and continue to operate services to London.
Struggling Kingfisher Airlines’ hopes of making a phased restart were dashed further after India’s government decided to withdraw the carrier’s international route authority and domestic slots and allot them to other Indian carriers. “These traffic rights have been withdrawn with immediate effect on account of non-utilization by the airline,” says an official at India’s Civil Aviation Ministry.
