American Buys London-Heathrow Slot for $31 Million

By Paul Riegler on 16 June 2014
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American flies Boeing 777-300ER aircraft to London

American flies Boeing 777-300ER aircraft to London

Cyprus Airways said it will sell American Airlines its landing slot at London Heathrow Airport on Monday.

The airline will receive $31 million for the slot, which will “enhance the company’s liquidity for 2015,” according to a Cyprus news release.

Cyprus currently operates non-stop flights from Lanarca International Airport to London and said it will transfer this route to London Stansted Airport, with a change in both frequency and flight times.

The sale is effective September 13, 2014 and Cyprus will begin flights to Stansted on the 14th.

(Photo: Accura Media Group)

Accura News

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