Etihad Grounds Airbus Cargo Jets as Strategy Review Continues
- Carrier idles five A330Fs, focuses on Boeing 777 freighters
- New CEO Douglas took over this month after $1.87 billion loss
Photographer: Krisztian Bocsi/Bloomberg
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Etihad Aviation Group grounded five Airbus SE freighter planes as the Persian Gulf carrier works on a new fleet plan and strategy in the wake of its biggest ever loss.
Etihad has taken the five A330F jets out of service and will focus its dedicated freighter operation on the newer Boeing Co. 777F, of which it also has five, the Abu Dhabi-based carrier said Wednesday. The U.S. model can carry 103 metric tons of freight, while the Airbus plane is limited to 64 tons.