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ikolkyo
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Reuters: Etihad restructures aircraft orders

Thu Feb 14, 2019 5:47 am

Airline says they will take 5 A35K, 6 779 and all A321neo and 787 as of now. Although it has been said that the A350s are unlikely to enter the fleet according to some on here. I wonder if the 777Xs will have the same fate if things don’t improve.


https://uk.reuters.com/article/amp/idUK ... ssion=true
Last edited by SQ22 on Thu Feb 14, 2019 6:33 pm, edited 1 time in total.
Reason: Title updated
 
moa999
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 5:55 am

Timed this announcement to minimise publicity amongst the EK and Airbus announcement methinks
 
randomdude83
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 6:09 am

I can see Etihad expanding the A35K and 779 orders down the road to replace existing 77W and A380. Maybe the A350 has a future with Etihad after all.
 
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Kindanew
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 6:15 am

Scott Hamilton is claiming that they will take 20 A350-1000
 
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GEUltraFan9XGTF
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 6:30 am

Scott Hamilton saying they will take 30 mix of 778/779.
© 2019. All statements are my own. The use of my statements, including by journalists, YouTube vloggers like "DJ's Aviation", etc. without my written consent is strictly prohibited.
 
MileHFL400
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 6:56 am

God I’m confused
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PlanesNTrains
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 6:59 am

GEUltraFan9XGTF wrote:
Scott Hamilton saying they will take 30 mix of 778/779.


Wait, so they’re increasing their 777X order?

EY’s aircraft ordering reminds me of someone approaching a yellow light and they can’t decide whether to gun it or slam on the brakes. That rarely ends well.
-Dave


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JustSomeDood
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 7:12 am

moa999 wrote:
Timed this announcement to minimise publicity amongst the EK and Airbus announcement methinks


Yes indeed, EY has 66 A350s and 25 777x on order and an announcement that the majority of those likely will not be taken is a bad day for both OEMs.
 
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GEUltraFan9XGTF
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 7:18 am

It's looking like they are trying to get out of their A359 order completely.

https://www.flightglobal.com/news/artic ... 0s-455759/
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PlanesNTrains
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 7:21 am

JustSomeDood wrote:
moa999 wrote:
Timed this announcement to minimise publicity amongst the EK and Airbus announcement methinks


Yes indeed, EY has 66 A350s and 25 777x on order and an announcement that the majority of those likely will not be taken is a bad day for both OEMs.


I’m just wondering if behind the scenes some of this is connected to what’s going on over at EK?
-Dave


MAX’d out on MAX threads. If you are starting a thread, and it’s about the MAX - stop. There’s already a thread that covers it.
 
george77300
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:06 am

According to Airbus Etihad have cancelled 42 x A350-900.

“Etihad to reduce its A350 order by 42 A350-900, leaving 20 A350-1000 for Etihad in the backlog.”

Source: https://www.airbus.com/newsroom/press-r ... dance.html
 
jeffrey0032j
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:15 am

george77300 wrote:
According to Airbus Etihad have cancelled 42 x A350-900.

“Etihad to reduce its A350 order by 42 A350-900, leaving 20 A350-1000 for Etihad in the backlog.”

Source: https://www.airbus.com/newsroom/press-r ... dance.html

Wow, they actually recorded a net reduction in the A350 order book today, despite the news coming from the airline down the road.
 
george77300
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:26 am

jeffrey0032j wrote:
george77300 wrote:
According to Airbus Etihad have cancelled 42 x A350-900.

“Etihad to reduce its A350 order by 42 A350-900, leaving 20 A350-1000 for Etihad in the backlog.”

Source: https://www.airbus.com/newsroom/press-r ... dance.html

Wow, they actually recorded a net reduction in the A350 order book today, despite the news coming from the airline down the road.


Yes Airbus today are (combining EK and EY):

+40 x A330-900neo

-12 x A350-900
-39 x A380-800

So a net loss of 11 widebodies and also of planes of more value. Swapping A380/A350 for fewer A330neo. Not the best news for Airbus but better for them I guess than just the cancellations and EK ordering B787/more 777X?
 
Asiaflyer
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:36 am

george77300 wrote:
Yes Airbus today are (combining EK and EY):

+40 x A330-900neo

-12 x A350-900
-39 x A380-800

So a net loss of 11 widebodies and also of planes of more value. Swapping A380/A350 for fewer A330neo. Not the best news for Airbus but better for them I guess than just the cancellations and EK ordering B787/more 777X?

Much better mix of orders for Airbus in terms of profitability.
Im curious what the cancellation clause for EY looks like. Were they able to cancel without penalty or did EY lose thier deposits or even more?
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FrenchPotatoEye
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:38 am

What a mess all around!

Over ordering, cancellations and more ordering. Just what the doctor ordered!
 
Flying-Tiger
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:41 am

george77300 wrote:
So a net loss of 11 widebodies and also of planes of more value. Swapping A380/A350 for fewer A330neo. Not the best news for Airbus but better for them I guess than just the cancellations and EK ordering B787/more 777X?


Probably the best out come for Airbus - and I guess we can pretty much expect both deals to be tied into each other.

Now let´s see what (if) anything happens on the Boeing side. I´d be surprised if they are getting along unshaved at Etihad.

Nonetheless, EK taking 40 A330-900neo ensures that this program is now to stay long(er)-term and enabling Airbus to keep pressure on the B787 [pricing].

Looks like one of these days with many different consequences coming along.
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:44 am

Finally some sanity at EY. They now have a chance to try and get into profit with a better balance of aircraft. All this willy-waving had to end in tears; this is a much better solution than keep borrowing and taking planes and eventually hitting the brick wall of the Emir turning the cash taps off in some grand decisive gesture.
 
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scbriml
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 8:54 am

ikolkyo wrote:
Although it has been said that the A350s are unlikely to enter the fleet according to some on here.


Given the first one has just had its tail painted in full EY colours, those people will be disappointed. :yes:
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stylo777
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:00 am

today, EY has following widebody fleet:
- 10x 380
- 19x 77W
- 5x 787-10
- 24x 787-9
- 16x 332/3 (AFAIK some are parked or about to leave the fleet...)

- all 380's received within the past five years;
- the first batch of 77W (in total 5 frames) are deliveries from 2006 with the remaining ones delivered between 2009-2014;
- 787 fleet is of course very young; and
- 330 fleets' fate is probably decided already
 
Kikko19
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:14 am

all of this means the rebalancing /reduction of the global impact of the me3 (even if QR doesn't do anything). Eu, CN, and US airlines are happy i guess.
 
Waterbomber2
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:23 am

What a joke Airbus has become.
So airlines can add or cancel orders as they please now?

Investors need to start asking serious questions about the firmness of these orders when they are announced.
You don't slide 42 x A350's under the carpet, that is 10 billion worth of aircraft going up in smoke.
 
majano
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:27 am

jeffrey0032j wrote:
george77300 wrote:
According to Airbus Etihad have cancelled 42 x A350-900.

“Etihad to reduce its A350 order by 42 A350-900, leaving 20 A350-1000 for Etihad in the backlog.”

Source: https://www.airbus.com/newsroom/press-r ... dance.html

Wow, they actually recorded a net reduction in the A350 order book today, despite the news coming from the airline down the road.

It seems to me that Airbus is taking a new fresh approach to order cancellations / restructuring or customer related matters with quick decision making and announcements. New brooms sweeping well perhaps, or a cleaning up of the house so that the old leadership takes accountability for its own actions / inheritances. The new leadership does not want baggage on day one.
 
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crimsonchin
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:33 am

Waterbomber2 wrote:
What a joke Airbus has become.
So airlines can add or cancel orders as they please now?

Investors need to start asking serious questions about the firmness of these orders when they are announced.
You don't slide 42 x A350's under the carpet, that is 10 billion worth of aircraft going up in smoke.


This is stupid.
 
randomdude83
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:36 am

Waterbomber2 wrote:
What a joke Airbus has become.
So airlines can add or cancel orders as they please now?

Investors need to start asking serious questions about the firmness of these orders when they are announced.
You don't slide 42 x A350's under the carpet, that is 10 billion worth of aircraft going up in smoke.



Why? I highly disagree, I feel its a great Victory for Airbus Today.

Etihad has been signaling their financial losses for a year now. Nothing worse than ordering parts and having an aircraft built for an airline that can't take it.

Airbus also wanted Emirates to not commit to the 787-10, so 30 of those A359 got assigned to Emirates instead. Airbus got to cut its losses on the a380, airbus gained a new a350 customer and a New a330neo customer with emirates.

Etihad will still take a350s, so the training, simulators, etc will be there now as an established customer for potentially more a350s orders if Etihad gets their act together.

over all, I have confidence that once the new Midfield Abu dhabi terminal gets finished, it will put Etihad on the spot again and will be a sight to see that will give Etihad another opportunity to reorder more a350s.

So as you can see, Airbus may have lost 11 wide bodies with all this, Boeing however, is About to lose 40 787-10 most likely and possibly more 777x depending on Etihad's negotiation with Boeing.
 
MileHFL400
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:42 am

randomdude83 wrote:
Waterbomber2 wrote:
What a joke Airbus has become.
So airlines can add or cancel orders as they please now?

Investors need to start asking serious questions about the firmness of these orders when they are announced.
You don't slide 42 x A350's under the carpet, that is 10 billion worth of aircraft going up in smoke.



Why? I highly disagree, I feel its a great Victory for Airbus Today.

Etihad has been signaling their financial losses for a year now. Nothing worse than ordering parts and having an aircraft built for an airline that can't take it.

Airbus also wanted Emirates to not commit to the 787-10, so 30 of those A359 got assigned to Emirates instead. Airbus got to cut its losses on the a380, airbus gained a new a350 customer and a New a330neo customer with emirates.

Etihad will still take a350s, so the training, simulators, etc will be there now as an established customer for potentially more a350s orders if Etihad gets their act together.

over all, I have confidence that once the new Midfield Abu dhabi terminal gets finished, it will put Etihad on the spot again and will be a sight to see that will give Etihad another opportunity to reorder more a350s.

So as you can see, Airbus may have lost 11 wide bodies with all this, Boeing however, is About to lose 40 787-10 most likely and possibly more 777x depending on Etihad's negotiation with Boeing.


Yeah slight problem with your theory. EK never firmed their 787-10’s and they indicated that they wanted more 777’s instead.
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george77300
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:45 am

randomdude83 wrote:
Waterbomber2 wrote:
What a joke Airbus has become.
So airlines can add or cancel orders as they please now?

Investors need to start asking serious questions about the firmness of these orders when they are announced.
You don't slide 42 x A350's under the carpet, that is 10 billion worth of aircraft going up in smoke.



Why? I highly disagree, I feel its a great Victory for Airbus Today.

Etihad has been signaling their financial losses for a year now. Nothing worse than ordering parts and having an aircraft built for an airline that can't take it.

Airbus also wanted Emirates to not commit to the 787-10, so 30 of those A359 got assigned to Emirates instead. Airbus got to cut its losses on the a380, airbus gained a new a350 customer and a New a330neo customer with emirates.

Etihad will still take a350s, so the training, simulators, etc will be there now as an established customer for potentially more a350s orders if Etihad gets their act together.

over all, I have confidence that once the new Midfield Abu dhabi terminal gets finished, it will put Etihad on the spot again and will be a sight to see that will give Etihad another opportunity to reorder more a350s.

So as you can see, Airbus may have lost 11 wide bodies with all this, Boeing however, is About to lose 40 787-10 most likely and possibly more 777x depending on Etihad's negotiation with Boeing.


I agree that this is the best case scenario for Airbus. Emirates was cancelling the A380 so to get the replacements over Boeing and some much needed A330neo orders is great for them and the best of the possible scenarios even if not overall.

However, Boeing haven't lost 40 787 orders as they were never ordered. Not on the books. Emirates held an MOU which is likely to lapse and the rumours are likely more 777X for Emirates now. Those 100+ A380 when they start returning off lease soon will need replacements and the 777-9X is the only option currently for where they do need the size. So not to bad for them either, at the moment at least.
 
george77300
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:46 am

MileHFL400 wrote:
randomdude83 wrote:
So as you can see, Airbus may have lost 11 wide bodies with all this, Boeing however, is About to lose 40 787-10 most likely and possibly more 777x depending on Etihad's negotiation with Boeing.


Yeah slight problem with your theory. EK never firmed their 787-10’s and they indicated that they wanted more 777’s instead.


:checkmark: :checkmark: :checkmark: :checkmark:
 
randomdude83
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 9:54 am

That is true @ MileHFL400 and @ george77300, but now that 787 seed Boeing wanted to plant in Emirates's fleet planning is gone, or has less chance of happening. Even if it wasn't firmed and no financial loss to Boeing, that is still 40 frames Boeing can't sell or plant in a very reputable airline.

Think of it this way, Before all this,

Emirates declared an Mou for 40 787, had 39 a380s that airbus wasn't going to make any profit on and Etihad had 60 a350s and is in deep financial issues and unlikley to have the financials to take them.

After today,

Only Etihad is now likely to be taking 787s

Emirates and Etihad will now being taking a350s (20 for EY, 30 for EK) and now airbus planted 40 a330s with emirates. and Airbus cut its losses with the A380.

and Boeing may not get the chance to plant 40 787s and might potentially lose EY 777x orders (which I hope not)
 
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Channex757
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 10:24 am

Whilst counting who has what is fun, another factor is important here. EY flies a lot of empty seats, especially on longhaul routes. Trimming available seats will push up yield if done right.

I've seen disastrous reports of loads on A380 flights, for instance. Their ultra lavish suites classes are also expensive real estate to fly around empty. EY needs a common sense program of cutting costs and being realistic on routes where they are losing their shirts. The 777 is ideal as their biggest plane as it offers both a good sized main deck and a cargo hauling capacity that is the gold standard in the industry. The A35K works equally well, as does their impressive 787 fleet. The fundamentals are there for a better operation.
 
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zkojq
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 10:33 am

Etihad’s new boss Tony Douglas said last year the airline was now focused on flying passengers to and from Abu Dhabi, rather than competing to be a major intercontinental airline.


Honestly, if EY is true to this and abandons being a super connector, I find it hard to see them operating more than 30 narrowbodies and 20 widebodies.


george77300 wrote:
However, Boeing haven't lost 40 787 orders as they were never ordered. Not on the books.

A few things:
1 ) The article on posted at the start of this thread suggests that Etihad are cancelling all but six aircraft of their 777X order.

2) Lets keep in mind that Etihad taken delivery of 28 of 71 787s that they have ordered. Do you really think that Etihad is going to operate 71 787s at any point? I certainly wouldn't say that with confidence.

3) Airlines go in and out of profitability all the time and cancel/defer aicraft orders because of that. Remember how Monarch ordered 30 737MAXs before going bankrupt. Remember how it turned out that Boeing was financing the airline quite heavily towards the end?

At the end of the day, both the A350 and the 787 are in very high demand. It's not like the OEMs are having any trouble selling those aircraft. Whilst 40 787-10s for EK and 42 A359s for EY is a lot of aircraft. In time other customers will take those slots.
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frigatebird
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 10:54 am

randomdude83 wrote:
That is true @ MileHFL400 and @ george77300, but now that 787 seed Boeing wanted to plant in Emirates's fleet planning is gone, or has less chance of happening. Even if it wasn't firmed and no financial loss to Boeing, that is still 40 frames Boeing can't sell or plant in a very reputable airline.

Think of it this way, Before all this,

Emirates declared an Mou for 40 787, had 39 a380s that airbus wasn't going to make any profit on and Etihad had 60 a350s and is in deep financial issues and unlikley to have the financials to take them.

After today,

Only Etihad is now likely to be taking 787s

Emirates and Etihad will now being taking a350s (20 for EY, 30 for EK) and now airbus planted 40 a330s with emirates. and Airbus cut its losses with the A380.

and Boeing may not get the chance to plant 40 787s and might potentially lose EY 777x orders (which I hope not)


Agreed the loss of 40x 787-10 for EK is a significant setback for Boeing. The whole EK situation certainly can be regarded as a win for Airbus.

But losing 42 A350s for EY certainly isn't a win for Airbus. It's a significant setback.

Whether EY will take all 787s on order remains to be seen, but so far they have been accepting them without delay. As far as the 777X order, EY still has time. If things go well, they can use then as 77L/77W replacement. If not, the A35K can replace them.

In all honesty, if EY's future fleet will consist of A321neo, 787-9/10 and A350-1000, I think their fleet looks better than EK's IMO.
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JerseyFlyer
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 11:51 am

frigatebird wrote:
As far as the 777X order, EY still has time. If things go well, they can use then as 77L/77W replacement. If not, the A35K can replace them.

In all honesty, if EY's future fleet will consist of A321neo, 787-9/10 and A350-1000, I think their fleet looks better than EK's IMO.


I would not be surprised to see a concurrent EY cancellation of some 779s and an EK top up order for about the same number in the near future.
 
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EK413
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 12:08 pm

I don’t see how this is a great big loss to Airbus. EY A350 now goes to EK, Airbus now have traction on the A330neo program & the A380 program will come to a close.

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musman9853
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 12:51 pm

GEUltraFan9XGTF wrote:
It's looking like they are trying to get out of their A359 order completely.

https://www.flightglobal.com/news/artic ... 0s-455759/


This has not been a good week for Airbus lol
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Finn350
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 1:06 pm

musman9853 wrote:
GEUltraFan9XGTF wrote:
It's looking like they are trying to get out of their A359 order completely.

https://www.flightglobal.com/news/artic ... 0s-455759/


This has not been a good week for Airbus lol


From a commercial point of view, this has been an excellent week for Airbus. Shareholder value has increased around 6 % which is a lot.
 
waly777
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 1:14 pm

scbriml wrote:
ikolkyo wrote:
Although it has been said that the A350s are unlikely to enter the fleet according to some on here.


Given the first one has just had its tail painted in full EY colours, those people will be disappointed. :yes:


:) and it might surprise you which people will end up disappointed.
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StudiodeKadent
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 1:28 pm

frigatebird wrote:
In all honesty, if EY's future fleet will consist of A321neo, 787-9/10 and A350-1000, I think their fleet looks better than EK's IMO.


On that, I have to substantially agree.
 
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 1:58 pm

I see no point flying A351s along side B77Xs especially after considering that the former won’t be able to fly to LAX nonstop from AUH without incurring a payload penalty.

Yes other airlines too are going to be operating B779s along side A351s such as CX and BA but that doesn’t mean it’s a sensible decision IMO.

It’s quite sad to see how Hogan is not made accountable at all for any of his past massive mistakes !

In an ideal commercial scenario, after seeing how big their losses have been and shall continue to be over the long run, the future EY fleet should only consist of B787 family for WB and A320/321Neo for NB. The B781s would replace the B77Ws on high demand routes under 11 hours flying time whilst the longer ones to YYZ JFK ORD should just be flown by the B789 like IAD is presently. LAX should be suspended as it’s a huge bleeder !
 
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PerfectGriffin
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 2:11 pm

Finally some common sense at EY. Too bad the cancellation came so late after five A350's were already produced. Also strange that they are committing to a small B77X fleet.
 
StudiodeKadent
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 2:25 pm

behramjee wrote:
I see no point flying A351s along side B77Xs especially after considering that the former won’t be able to fly to LAX nonstop from AUH without incurring a payload penalty.


The A351s are slightly smaller, and LAX isn't the only airport in the world. The 777-8 or 777-9 may be better at reaching LAX depending on the LOPA. But JFK, Melbourne, Sydney, Hong Kong, anywhere in Europe or Asia?

The 777X will be good for LAX, SFO, Central and South America, as well as for New Zealand. And perhaps on routes that really need extra capacity but not extra range.

Yes other airlines too are going to be operating B779s along side A351s such as CX and BA but that doesn’t mean it’s a sensible decision IMO.


CX isn't ran by morons. They run A351s and B779s together because they see the two types serving different roles. The A351s replace the 3-class 777-300ERs, the 777-9s replace and upgauge the 4-class 777-300ERs (and replace, in spirit, the 747-400s).
 
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lightsaber
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Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 2:48 pm

EY is finally sensible. I'd like to see more of a reduction in the A35K order. I'm surprised 777X were kept.

Orders can only be so firm. Driving a customer away would be really bad business practice.

Personally, I think the A350 slots will become more sales by Paris.

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scbriml
Posts: 17279
Joined: Wed Jul 02, 2003 10:37 pm

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 2:54 pm

behramjee wrote:
Yes other airlines too are going to be operating B779s along side A351s such as CX and BA


When did BA order 779s? :shock:
Time flies like an arrow. Fruit flies like a banana!
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MrBren
Posts: 248
Joined: Wed Jun 15, 2016 11:44 am

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 2:56 pm

Will the 77X be the next industrial crash?
 
Breathe
Posts: 492
Joined: Sat Mar 18, 2017 8:06 pm

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 3:02 pm

moa999 wrote:
Timed this announcement to minimise publicity amongst the EK and Airbus announcement methinks

I believe the spin doctors saying is: "A good day to bury bad news"
 
Breathe
Posts: 492
Joined: Sat Mar 18, 2017 8:06 pm

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 3:04 pm

lightsaber wrote:
I'm surprised 777X were kept.


Perhaps they want a small number to replace capacity if they are going to retire some A380's early.
 
Breathe
Posts: 492
Joined: Sat Mar 18, 2017 8:06 pm

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 3:08 pm

From the Reuters article:

Etihad said it had reached agreements with Airbus and Boeing to not disclose details of the order changes.


A face saving exercise for Etihad not to look too humiliated among their rival peers? Seems a bit odd that that they wouldn't want to disclose details of how many aircraft they've cancelled.
 
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rotating14
Posts: 1390
Joined: Sat Jan 21, 2012 11:54 pm

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 3:20 pm

Finn350 wrote:
musman9853 wrote:
GEUltraFan9XGTF wrote:
It's looking like they are trying to get out of their A359 order completely.

https://www.flightglobal.com/news/artic ... 0s-455759/


This has not been a good week for Airbus lol


From a commercial point of view, this has been an excellent week for Airbus. Shareholder value has increased around 6 % which is a lot.


Where is the upside?? They basically had 81 orders cancelled and with the EK announcement, their still in the negative by 11.
 
fcogafa
Posts: 1171
Joined: Fri May 16, 2008 4:37 pm

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 3:33 pm

rotating14 wrote:
Where is the upside?? They basically had 81 orders cancelled and with the EK announcement, their still in the negative by 11.


104 if you add the other 23 A380 Amadeo etc cancellations not mentioned yet
 
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Finn350
Posts: 1553
Joined: Tue Jul 09, 2013 4:57 am

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 4:17 pm

rotating14 wrote:
Finn350 wrote:
musman9853 wrote:

This has not been a good week for Airbus lol


From a commercial point of view, this has been an excellent week for Airbus. Shareholder value has increased around 6 % which is a lot.


Where is the upside?? They basically had 81 orders cancelled and with the EK announcement, their still in the negative by 11.


From a commercial point of view, you have to also look at the anticipated profitability of the orders placed and cancelled. A380 orders would have been built at a loss, on the other hand A330neo and A350 orders generate profit.
Last edited by Finn350 on Thu Feb 14, 2019 4:21 pm, edited 1 time in total.
 
Breathe
Posts: 492
Joined: Sat Mar 18, 2017 8:06 pm

Re: Etihad restructures aircraft orders

Thu Feb 14, 2019 4:19 pm

James Hogan has a lot to answer for...

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