Reuters reports that Etihad Airways could delay or cancel orders from Boeing and Airbus as part of a strategic review launched in the wake of losses at Alitalia and Air Berlin.
According to a report from Reuters, citing anonymous sources, Etihad Airways could delay or cancel orders from Boeing and Airbus as part of a strategic review launched in 2016 in the wake of problems at Alitalia and Air Berlin — two European airlines in which Etihad had invested heavily and where it is estimated to have lost almost $2bn.
H.E. Mohamed Mubarak Fadhel Al Mazrouei, Chairman of the Board of the Etihad Aviation Group, declared in January 2017 that the review was aimed at ensuring that the airline was “the right size and the right shape”, with improved cost efficiency, productivity and revenue. James Hogan stepped down as CEO as part of this process.
Incoming CEO Tony Douglas, whose appointment was officially confirmed in January, has said the carrier needs to “adapt and evolve” on its own and with industry partners.
Douglas joined Etihad from the UK Ministry of Defence, where he served as CEO of the Defence Equipment and Support department. He also held senior positions with British airport operator BAA.
Douglas has also held senior positions in the UAE, most notably as CEO of Abu Dhabi Airports Company and as CEO of Abu Dhabi Ports Company where he was responsible for the successful delivery of Khalifa Port.
According to Reuters, measures could include delays and cancellations affecting aircraft currently on order. The carrier still has outstanding orders for 52 Boeing 787s, including 30 Boeing 787-10s, along with 25 Boeing 777-8/9s for delivery after 2020.
Airbus orders include 36 A320/A321neos and 62 A350s, including 22 A350-1000s.