With Etihad Airways pressing for a company-wide business review, aircraft manufacturers Airbus and Boeing are expecting changes in plane orders from the airlines.
Etihad is considering its options for over 160 aircraft it has ordered, ranging from swapping models to delaying deliveries to outright cancellations, stated a Reuters report.
Etihad has 88 Airbus and 78 Boeing jets on order worth tens of billions of dollars, the deliveries of which are scheduled from this year. The orders include 62 Airbus A350s and 52 Boeing 787 Dreamliners.
The major orders were placed when Etihad was pursuing an expansion strategy to keep pace with regional airlines like Emirates and Qatar Airways. However, the expansion strategy took a hit last year when Air Berlin and Alitalia filed for insolvency after Etihad invested in them.
Mid-last year the airline reported in a delayed announcement a loss of US $1.87 billion for the 2016. Ever since the airline has been reviewing its business strategy.