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Croatia Airlines Sells 5 Heathrow Airport Slots for $19.5 Million

Croatia Airlines (photo credit: Facebook)

Croatia’s national carrier Croatia Airlines have sold five of their nine slots at London’s Heathrow airport to America’s Delta Air Lines for $19.5 million, its CEO Krešimir Kučko confirmed to daily Jutarnji list on Thursday.

Croatia Airlines have sold Delta Air Lines its morning slots at Heathrow on Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays.

Croatia Airlines are now left with four afternoon slots and will continue to operate Zagreb – London flights in those times on Mondays, Wednesdays, Fridays and Saturdays.

“We are extremely satisfied with this business and achieved our goal. We will invest the money in maintenance and the restoration of engines of our fleet”, Kučko stated.

Money from the sale will also go into cutting the debt the Zagreb – London route has built up. Jutarnji list reports that the airline has lost 37.5 million euros on the route since 2002.

Heathrow airport (photo credit: [email protected])

The contract with Delta Air Lines will come into effect on 1 April 2017.

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