Audio By Carbonatix
Etihad Airways slashed orders worth $21.4 billion at list prices for Boeing Co. and Airbus SE jetliners, pushing forward with a drastic restructuring after years of operational losses.
The state-owned Gulf carrier cut its order for Boeing 777-9 aircraft to 6 jets from 25, while canceling delivery of 42 Airbus A350 wide-bodies, leaving it with 20.
While the airline will continue receiving Boeing 787 Dreamliners, Etihad said it’ll decide what to do with the rest of the original order later, "through rescheduling, restructuring or reduction."
With the cancellation of $1.1 billion worth of A320neos last month, Abu Dhabi-based Etihad has taken $22.5 billion of orders off the table for the plane-manufacturing duopoly.
The figures don’t include customary discounts that lower final prices. Airbus announced the loss of the A350s, a modern wide-body, on Thursday when it said it would shut down the older A380 superjumbo program after a dozen years.
“This will enable the airline to further progress its transformation and adjust to its new operating model,” Etihad said in a statement. The airline “can now concentrate on the phased introduction of new aircraft types, enabling an efficient rationalization of its fleet, and building a network that connects Abu Dhabi to the world.”
The airline has cut thousands of positions, put the brakes on a costly expansion and scrapped marginal routes, after almost $3.5 billion in losses in over two years. The airline is also being sued over an August 2017 decision to cut financial support for defunct German carrier Air Berlin.
Etihad has 43 unfilled orders from the 787 family, according to Boeing’s January monthly report.
Latest Stories
-
England are tough, but we can play against Ghana, Panama – Croatia coach reacts to World Cup draw
1 hour -
We can beat anyone – Otto Addo reacts to World Cup draw
2 hours -
GPL 2025/26: Mensah brace fires All Blacks to victory over Eleven Wonders
3 hours -
This Saturday on Newsfile: Petitions against the OSP, EC heads, and 2025 WASSCE results
3 hours -
Ambassador urges U.S. investors to prioritise land verification as Ghana courts more investment
4 hours -
Europe faces an expanding corruption crisis
4 hours -
Ghana’s Dr Bernard Appiah appointed to WHO Technical Advisory Group on alcohol and drug epidemiology
4 hours -
2026 World Cup: Ghana drawn against England, Croatia and Panama in Group L
4 hours -
3 dead, 6 injured in Kpando–Aziave road crash
4 hours -
Lightwave eHealth accuses Health Ministry of ‘fault-finding’ and engaging competitor to audit its work
4 hours -
Ayewa Festival ignites Farmers Day with culture, flavour, and a promise of bigger things ahead
5 hours -
Government to deploy 60,000 surveillance cameras nationwide to tackle cybercrime
5 hours -
Ghana DJ Awards begins 365-day countdown to 2026 event
5 hours -
Making Private University Charters Optional in Ghana: Implications and Opportunities
5 hours -
Mampong tragedy: Students among 30 injured as curve crash kills three
5 hours
