Etihad Airways (EY, Abu Dhabi Int’l) is planning to revise its Airbus (AIB, Toulouse Blagnac) and Boeing (BOE, Chicago O’Hare) order books as part of its ongoing restructuring plan, Reuters has reported citing people familiar with the Emirati carrier’s internal operations.
Etihad’s Airbus order backlog currently stands at ten A320neo, twenty-six A321neo, forty A350-900s, and twenty-two A350-1000s. Insofar as Boeing is concerned, Etihad is due one B777-F, twenty-two more B787-9s, thirty B787-10s, and twenty-five B777Xs (eight -8s and seventeen -9s). Its first A350-1000s and B787-10s are to deliver later this year.
According to the report, Etihad is considering either swapping aircraft variants or delaying deliveries with the possibility of outright cancellations. A final decision could be based on a combination of the three options, one source said.
The orders were placed at a time when the carrier was pursuing an aggressive expansion plan. However, with the failure of its equity investment policy, and an associated USD2 billion loss, Etihad has sought to curtail its operations.
Aside from the discontinuation of multiple loss-making routes to the United States, Iran, Australia, Scotland, and Uganda, Etihad has also phased out or parked its fleet of A319-100s, B777-200(LR)s and A330-200(F)s while selling off its fleet of A340-500/600s.