DUBAI, United Arab Emirates — Abu Dhabi-based Etihad Airways said Thursday it has restructured planned airplane purchases from both Airbus and Boeing as the government-owned carrier struggles through serious financial turbulence. It said its remaining orders will be affected by “rescheduling, restructuring or reduction.” In its 2013 purchase, Etihad made orders for 87 Airbus and 56 Boeing aircraft. Etihad currently has a fleet of 108 aircraft. “This will enable the airline to further progress its transformation and adjust to its new operating model,” the airline said. Emirates and Etihad are both government-owned airlines in the United Arab Emirates, a federation of seven sheikhdoms on the Arabian Peninsula.

Source: National Post February 14, 2019 06:54 UTC