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Etihad Airways Says It Lost $1.87 Bn In 2016

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Abu Dhabi’s Etihad Airways said Thursday it posted a $1.87 billion loss last year, hit by “one-off” impairments on aircraft and investments in troubled Alitalia and airberlin. The government-owned carrier said total impairments amounted to $1.9 billion, including a $1.06 billion “charge on aircraft, reflecting lower market values and the early phase out of certain … Read more

Etihad Breaks Off Talks With TUI For Leisure Airline

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United Arab Emirates carrier Etihad has broken off talks with German travel group TUI to jointly create a leisure airline, the companies said Thursday. Abu Dhabi-based Etihad and troubled Air Berlin, of which Etihad is a majority owner, had last October announced plans to form a new leisure airline by merging Air Berlin’s Austrian subsidiary … Read more