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Vol. 7 No. 139 WE COVER THE WORLD Monday December 15, 2008 |

Due to meager results Abu Dhabi-based Etihad
Airways has got plans in the drawer to get rid of their freighter fleet in
the months to come.
… Furthermore, internal sources told Air
Cargo News Flying Typers that Etihad plans to pull out all wide-body passenger
aircraft off routes with less than 4 hours flying distance.
They will be replaced by narrow-bodied equipment.
This would apply to the entire traffic to and
from the Indian Subcontinent the airline is presently offering.
The step is seen as a reaction to the tightening
financial situation the carrier is increasingly confronted with.
According to a leading manager, airline boss
James Hogan has briefed the top shots of the carrier’s air freight division
CrystalCargo.
His main point seems to have been the “unsatisfactory
performance” of the aircraft and their “disappointing contribution”
to the carrier’s finances. At Etihad nobody was available for comment.
If Mr. Hogan’s plans are put into practice
to end the freighter era at Etihad, the Middle East airline would be the first
carrier in the Gulf region to renounce main deck capacity. Presently, the
airline operates a small fleet of leased cargo planes, two of them A300-600F
and one MD-11F. The Iceland-registered A300F’s joined the fleet in 2005
while the MD-11F of U.S. operator World Airways is flying for Etihad’s
air freight division CrystalCargo since last year.
The “freighters – no, thank you,”
plan would be a severe blow especially for the charter experts of the airline.
According to cargo experts they have successfully marketed the spare capacities
of the three aircraft up to now. With no single freighter left in the fleet
their department might be shot down.
At this point it is uncertain if Etihad will
take over three Airbus 330-200 freighters that are scheduled to be delivered
from 2011 on. “They might opt for converting these orders from cargo
to passenger aircraft,” supposes a Dubai-based analyst when asked by
Air Cargo News FlyingTypers.
√Ever since being established in 2003 Etihad never flew out of the red.
Year by year the carrier’s top management kept predicting that profits
would be made starting in 2010. Due to the present global crisis however,
experts doubt that this financial ambition could be achieved. This might explain
why airline owner Abu Dhabi is lately mounting the pressure on Hogan and his
crew to save costs and increase earnings. First victim could well be the cargo
division.
Heiner Siegmund