The ongoing organisational restructuring involving Abu Dhabi-based Etihad Aviation Group is expected to lead to some redundancies of senior and mid-level management executives.
This was confirmed by Etihad Airways group CEO Tony Douglas, according to a report by news agency Reuters.
MEED understands thousands of employees have left Etihad Airways since the restructuring began in 2016.
The aviation group announced on 3 July it is restructuring into seven business divisions that report to Douglas, who also assumeds responsibility for Etihad Airways.
The seven divisions are:
- Operations
- Commercial
- Maintenance, Repair & Overhaul (MRO)
- Human Resources
- Finance
- Support Services
- Transformation
A new executive management team will lead the various divisions.
Etihad Airways registered losses of $1.52bn in 2017, down $432m compared with the previous year. The losses are from the carrier’s core airline operations, which exclude “any extraordinary or one-off items”. The airline’s 2016 losses, previously reported at $1.87bn, have been correspondingly restated to $1.95bn.
Revenues in 2017 increased by 1.9 per cent to $6.1bn.
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