Etihad snaps up Jet’s Heathrow slots for $70 m

Feb 28 2013, 02:46 IST
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SummaryMove seen as positive for Jet amid talk of deal being revised.

officials including civil aviation minister Ajit Singh, commerce minister Anand Sharma and finance minister P Chidambaram in January. A formal deal was expected to be signed after Etihad completed due diligence on Jet Airways in the first week of February.

“We are doing our due diligence in the next week. We will present it to our board and take it from there,” James Hogan, chief executive of Etihad said on February 4 speaking at a press conference after the airline reported its annual results.

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