Etihad buys Heathrow slots

Abu Dhabi's Etihad Airways yesterday paid $70m (£46.2m) to buy Jet Airways three slot pairs (round-trip flights) at Heathrow airport and said it remains in talks to buy a stake in the Indian carrier. The move signals positive developments in the discussions and investors cheered the move. Etihad said the deal to buy slots was a part of a “sale and lease-back” agreement, and Jet would continue to operate flights to London using those slots.