Etihad in talks to sell A330s, reports claim

posted on 23rd July 2018 by Justin Burns
Etihad in talks to sell A330s, reports claim

Etihad Airways’ cargo arm Etihad Cargo is in talks to sell its entire fleet of four Airbus A330 Freighters and keep their Boeing 777 Freighters only, according to reports.

The airline is reportedly in “advanced stages” of selling the aircraft and once the all the A330Fs are sold, Etihad will operate an all-Boeing fleet in their cargo wing, which would be five 777Fs.

The Abu Dhabi-based carrier retired the aircraft in January and stored them away. It is reportedly in talks to sell five to 10 aircraft in its fleet.

Etihad has gone through a huge restructuring over the last 12 months and the move is aimed at reducing financial losses which were $2.01 billion in 2016 before being cut by around $500 million last year to $1.52 billion.

Last year, Etihad Cargo handled 552,000 tonnes of cargo, which was a decline on the 596,000 tonnes it processed in 2016 and 592,000 tonnes in 2015.