Etihad suspends operations of its Airbus freighters
Abu Dhabi - Etihad Airways is struggling with headwinds and has made a strict revision of its strategy. In this context, the airline has now parked five Airbus freighters indefinitely. Airbus and Boeing also have to worry about some orders for A350 and 787.
The five Airbus A330-200Fs are suspended by Ethiad. The company will go on the freight business with its newer five Boeing 777F. The 777F can carry 103 tons of cargo, while the A330-200F can carry only 64 tons.
Etihad CEO Tony Douglas, who took up his post in January 2018, may want to rethink deliveries of new aircraft. Etihad reported a loss of $ 1.87 billion in 2016 and ended support to the bankrupt companies Air Berlin and Alitalia.
Etihad lists open orders on its website, a total of 150 aircraft including 62 Airbus A350s and 55 Boeing 787 Dreamliners. The airline is suffering from earning losses. The company doesn't book as many business class seats as it was used to do. Increasing fuel costs is also putting pressure on ticket prices in economy class as well.
Furthermore, Etihad invested in airlines Air Berlin and Alitalia in the past that are insolvent now. Douglas followed James Hogan, the architect so-called "equity alliance strategy," which set out to become a member of the global airline elite through multi-billion dollar investments.
Bloomberg and Reuters news agencies report that the pilots of the suspended aircraft will get no salary until the new strategy becomes clear. Etihad did not want to comment on questions about the cockpit crew.