Valentines Day is not working out to be good news for both the big aviation companies globally. While Emirates and Airbus have amicably decided to curtail the Emirates A380 orders and from there shut down the A380 production line, Etihad is also finally coming out with their plans for reducing the massive orders they placed back in the day as a part of their plan for world domination.
Etihad Airways, which has been reeling from losses from their failed strategy of acquiring stakes in other airlines, will restructure their order book to take in only a small number of the aircraft that it had sought to buy just till a couple of years ago. Here are the details of the Etihad Order which is undergoing a change.
8 months ago, Etihad had 165 aircraft on order, including 52 Boeing 787s, 25 Boeing 777s (8 777-8s and 17 777-9s), 62 Airbus A350s (40 A350-900s and 22 A350-1000s), 26 Airbus A321neos and 10 Airbus A320neos.
Today, as per a Reuters report, which came close after the Airbus announcement, Etihad has announced they are only committing to 5 A350-1000s, 6 Boeing 777Xs, 26 A321neos and an undisclosed number of the Boeing 787s. Etihad has not revealed what timeline it has planned to take in all these aircraft. Etihad said it’ll decide what to do with the rest of the original order later, “through rescheduling, restructuring or reduction.”
According to Reuters again, Etihad already has reached agreements with Airbus and Boeing on this count but did not release details about the changes.
Etihad has been cutting down operations around the globe. They have been consistently cutting amenities and routes, and that does not seem to stop. They shut down the Six Senses Salon & Spa in London, then in Abu Dhabi last year. Earlier last year, they cut their flight to Jaipur. They started to give away their lounges across the globe, starting with London which is no longer operated by them.
What do you think of the new move from Etihad to shrink their aspirations?