Ailing Gulf Giant Etihad Scraps Airbus Orders, Cuts Pilot Jobs
Attendees walk passed an Airbus SE A380 passenger aircraft, operated by Etihad Airways PJSC, as it stands on the tarmac during the 15th Dubai Air Show at Dubai World Central (DWC) in Dubai, United Arab Emirates.
Photographer: Natalie Naccache/BloombergThis article is for subscribers only.
Etihad Airways scrapped orders for Airbus SE jetliners and revealed plans to cut 50 pilot posts as the Persian Gulf carrier seeks to slim down operations amid mounting losses.
Abu Dhabi-based Etihad canceled the purchase of 10 A320neo single-aisle jets, based on the latest monthly order figures from Airbus, while a letter to staff indicates that the flight-crew jobs, representing about 2.4 percent of pilots, will be eliminated by the end of this month.