Eight-month delays for Boeing 787s
Speaking to the United Arab Emirates (UAE)-based The
National, the airline’s CEO remarked that Etihad Airways recently took delivery
of three Boeing 787-9 aircraft last month, namely A6-BNG, A6-BNF, and A6-BNE,
which Boeing delivered on February 16 and the two latter aircraft on February
21, respectively. The three aircraft were eight months late.
All three aircraft operated their first flights in 2023.
ch-aviation data showed that A6-BNG, A6-BNF, and A6-BNE flew for the first time
on November 8, March 11, and August 25, 2023, several months before they were
finally delivered to Etihad Airways.
Nevertheless, Neves emphasized that the 787s are performing
very well, but the airline was still unhappy with the delays, which have
continued mounting. According to the executive, Airbus is also having issues
delivering aircraft to Etihad Airways on time. The carrier’s CEO stated that
the airline’s biggest concern is aircraft availability.
Barely growing fleet
According to ch-aviation, the airline has only taken
delivery of seven aircraft in the past four years. In 2020, Etihad Airways grew
its fleet by three aircraft, namely one Airbus A350-1000 and two Boeing
787-10s, and after not taking delivery of any jets between 2021 and 2022, took
its first post-pandemic aircraft, a 787-10, in 2023. As mentioned above, Boeing
delivered three 787-9s in February.
As a result, 2024 was the only year since 2019 that Etihad
Airways’ fleet grew, with the airline ending 2019 with 127 aircraft. Now, the
carrier operates 99 aircraft, nine of which are inactive. Out of the nine
stored aircraft, six are Airbus A380s.
Strengthening profitability
On the same day as Neves spoke with the local media outlet,
Etihad Airways announced its financial results. The airline said that it ended
2023 with revenues of AED20.2 billion ($5.4 billion) and operating results of
AED1.4 billion ($381.1 million), resulting in a net profit of AED525 million
($142.9 million).
Speaking about the results, the CEO of the airline said that
despite the strong results in 2023, Etihad Airways’ goal for the near-term
future is to strengthen its business further as it continues with its growth
strategy, pursuing further margin improvement opportunities.
“Looking forward, we will continue to deliver on the mandate
of our shareholder, which is to be a financially viable airline delivering
extraordinary customer experiences.”
The airline has 95 aircraft on order, split between 20
Airbus A321neo, 15 A350-1000, seven A350F, eight 777-8, 17 777-9, eight 787-9,
and 20 787-10s. Similarly to Neves, Tim Clark, the President of Emirates, has
expressed concerns about Boeing’s ability to deliver aircraft on time. Clark
specifically said that Emirates could take delivery of its first 777X aircraft
only in 2026.
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