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Etihad Airways, the second-largest airline of the United Arab Emirates, announced restructuring its aircraft order book. The agreements with Airbus and Boeing were reached, although the details were not disclosed.
In the overview of the 2018 results, Airbus revealed about the commercial discussion with Etihad to reduce airline’s A350 order by 42 A350-900, leaving 20 A350-1000 for Etihad in the backlog.
Therefore, in its statement, Etihad said that it will take delivery of five Airbus A350-1000, 26 Airbus A321neos and six Boeing 777-9 aircraft “over the coming years.”
Such decisions for restructurization are made due to the changes in airline’s business strategy. Etihad, which reported $1.52 billion in losses in 2017 and $1.95 billion in losses in 2016 is looking for the ways to lessen financial turbulence.