Thursday, 10 January 2019

#AbuDhabi's Etihad to cut 50 pilots after big loss last year: sources | Reuters

Abu Dhabi's Etihad to cut 50 pilots after big loss last year: sources | Reuters:

Etihad Airways plans to cut 50 pilot jobs by end of this month after a significant loss last year, two sources who have seen an internal memo by the airline told Reuters on Thursday.

 The state-owned Gulf carrier has been reviewing its business since 2016 after a strategy of investing billions of dollars in other airlines failed.

Etihad has around 160 surplus pilots and will lay off 50 by the end of January, the airline told pilots in the memo, according to the sources, who declined to be named because the memo was intended to be private.

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