UAE's Etihad Airways grounds 5 cargo planes, pilots asked to take unpaid leave | ZAWYA MENA Edition:
"Etihad Airways has grounded its five Airbus freighters, and is asking its pilots to take unpaid leave as it continues to rethink its strategy, the airline and sources told Reuters on Wednesday.
The state-owned Gulf carrier has been reviewing its business since 2016 after billions of dollars spent buying stakes in other airlines failed to deliver substantial returns. This contributed to a $1.87 billion loss in 2016, its first loss since 2010.
Etihad confirmed to Reuters it has grounded its Airbus freighter fleet, five A330 Freighters, and that it had opted to operate an all-Boeing 777 Freighter fleet. It declined to comment on whether it had offered pilots unpaid leave. "
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