Ailing Gulf Giant Etihad Scraps Airbus Orders, Cuts Pilot Jobs - Bloomberg:
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.
Thousands of positions have already gone as Etihad puts the brakes on a costly expansion bid to challenge Gulf rivals Emirates and Qatar Airways. Chief Executive Officer Tony Douglas said in July that more posts would be cut after almost $3.5 billion in losses over two years, and that jetliner orders were in doubt as he focused on local needs rather than carrying passengers between continents.
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