Dubai – Mubasher: Etihad Airways is ready to give up its pursuit to compete with the UAE giant carriers, confined itself to Abu Dhabi.
Following the recording of $3.5 billion loss, the Emirati company will downsize its activities by cutting more jobs and cancelling jet orders, CEO of Etihad Aviation Group Tony Douglas told Bloomberg News.
In June, Reuters reported that Etihad Airways was in talks with Boeing for the cancellation or deferring of 777X jets order worth billions of dollars.
As a result of a restructuring process and a management change, Etihad Airway’s incumbent CEO Peter Baumgartner will be replaced by Tony Douglas and will act as a special advisor to the latter.
Also, Etihad Aviation Group’s activities will be divided among seven business divisions, namely, operations, commercial, maintenance, repair and overhaul (MRO), human resources, finance, support services, and transformation.
The UAE-based carrier will stick to the point-to-point flights instead of the super-hub model, Douglas revealed, as Bloomberg reported.
