Business Daily from THE HINDU group of publications
Thursday, Apr 26, 2007
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Business Daily from THE HINDU group of publications Thursday, Apr 26, 2007 ePaper |
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Airlines AI seals pact with Malaysian Airlines for London slots Ashwini Phadnis
New Delhi April 25 Air India has concluded negotiations with Malaysian Airlines for six additional landing slots at London's Heathrow airport. Air India will not be paying any monies to Malaysian Airlines for the slots, the airline Chairman and Managing Director, Mr V. Thulasidas, told Business Line. In 2003, British Airways had paid $12 million for two slots at Heathrow through an online auction. The slots were auctioned by a major US airline, which was selling assets to come out of bankruptcy. A slot is defined as the scheduled time of arrival or departure made available to an airline to operate regular flights. A meeting is scheduled to be held in London between Malaysian Airlines, Air India and the Slots Co-ordination Committee of Heathrow to finalise the agreement. The successful conclusion of the agreement would allow Air India to operate six more flights to the UK, taking the weekly total to 34. To utilise these slots, the airline plans to wet-lease Boeing 767 aircraft. "The six additional flights will terminate in London. The cities from which the flights will originate is yet to be firmed up," officials said. The agreement would, however, see Air India surrender some seats that it is entitled to sell on Malaysian Airline flights currently.
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