Home / Shipping / Aviation/ Etihad takes Airbus cargo jets out of service

Etihad takes Airbus cargo jets out of service


Comments / {{hitsCtrl.values.hits}} Views / Monday, 29 January 2018 00:00


The UAE’s Etihad Airways has grounded its Airbus freighter fleet as the Gulf carrier works on a new strategy following its biggest loss of $ 1.87 billion in 2016, its first loss since 2010, said a report.



The carrier has been reviewing its business since 2016 after billions of dollars spent buying stakes in other airlines failed to deliver substantial returns, said a report in Reuters. Etihad has grounded five A330F jets and has opted to operate an all-Boeing 777 Freighter fleet, the report said. The Abu Dhabi-based airline is considering selling or leasing the Airbus freighters, it said. Reuters also reported that pilots were asked to take unpaid leave on a voluntary basis, for periods as short as one week or as long as 18 months as it reviews its fleet requirements.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Identifying traitors: I cannot wait until Dr. Padeniya presents his point scheme

Tuesday, 21 August 2018

Cause for excitement I am excited! A way of identifying and measuring a traitor is soon to be unveiled; by no less than the President of the GMOA! Hasn’t he also qualified in some department of neurology? All the more reason to justify my excitemen


The evils of translocating wild elephants

Tuesday, 21 August 2018

The subject of translocating wild elephants has been a much-debated topic recently, after the Department of Wildlife Conservation (DWLC), acting on the orders of the Minster for Wildlife, wanted to move the only two wild elephants habituating the Sin


Singapore miracle – How SL could benefit from trade with Singapore

Monday, 20 August 2018

According to a media report released by President’s Media Division, a committee of experts has been appointed by the President to examine and report on ‘the practical impact and use of the proposed officer policy guidelines and recommendations on


High NPAs in SME sector: Who is responsible?

Monday, 20 August 2018

Non-Performing Assets (NPAs) of the banking sector have been increasing in the recent past. Gross NPA ratio reached about 3.3% as at end of May2018 recording an increase of about 0.8% over the past five months.


Columnists More