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, ʼal-ʻitiħād, meaning Union, Unity, United) is the flag carrier of the United Arab Emirates. Established by Royal decree in July 2003 and based in Abu Dhabi, Etihad commenced operations in November 2003 - Source: Wikipedia

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FILE- In this Thursday, Dec. 18, 2014 file photo, an Emirati man takes a selfie in front of a new Etihad Airways A380 in Abu Dhabi, United Arab Emirates. Abu Dhabi's long-troubled Etihad Airways said Tuesday, Feb. 4 2020, it would sell 38 aircraft to an investment firm and a leasing company in a deal valued at $1 billion, the latest cost-cutting measure by the United Arab Emirates' national carrier. (AP Photo/Kamran Jebreili, File)

Abu Dhabi’s long-troubled Etihad sells 38 planes for $1B

Abu Dhabi’s long-troubled Etihad Airways to sell 38 aircraft in deal valued at $1 billion

Etihad COO Mohammad al-Bulooki, left, Etihad CEO Tony Douglas, second left, Boeing Commercial Airplanes president and CEO Stanley A. Deal, third left, and Boeing Global Services President and CEO Ted Colbert, right, pose in front of a Boeing 787 Dreamliner model at the Dubai Airshow in Dubai, United Arab Emirates, Monday, Nov. 18, 2019. Abu Dhabi's flagship carrier Etihad said Monday it had partnered with Boeing Co. to launch what they say will be one of the world's most fuel-efficient long haul airplanes as the company seeks to save costs on fuel and position itself as a more environmentally-conscious choice for travelers. (AP Photo/Jon Gambrell)

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FILE - In this Dec. 18, 2014 file photo, an Emirati man takes a selfie in front of a new Etihad Airways A380 in Abu Dhabi, United Arab Emirates. The Abu Dhabi-based long-haul carrier Etihad Airways said Thursday, March 14, 2019 it lost $1.28 billion in 2018, the third consecutive year of losses of over a billion dollars. (AP Photo/Kamran Jebreili, File)

Etihad Airways loses $1.28B in 2018 in third year of losses

FILE - In this Dec. 18, 2014, file photo, an Emirati man takes a selfie in front of a new Etihad Airways A380 in Abu Dhabi, United Arab Emirates. Abu Dhabi-based Etihad Airways said Thursday, Feb. 14, 2019, that it has restructured planned airplane purchases from Airbus and Boeing as the government-owned carrier faces financial turbulence. (AP Photo/Kamran Jebreili, File)

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Manchester City's Ilkay Gundogan celebrates after scoring his side's third goal during the English Premier League soccer match between Manchester City and Manchester United at the Etihad stadium in Manchester, England, Sunday, Nov. 11, 2018. (AP Photo/Dave Thompson)

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n this Sunday, May 4, 2014 file photo, an Etihad Airways plane prepares to land in Abu Dhabi Airport, United Arab Emirates. (AP Photo/Kamran Jebreili, File)

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FILE -In this Sept. 29, 2016 file photo shows an aircraft of the Air Berlin company on the runway of Dusseldorf airport in Germany. Struggling German carrier Air Berlin says it's filing for bankruptcy after its main shareholder, Abu Dhabi-based Etihad, said it would make no more financing available. The Economy Ministry and Transport Ministry said Tuesday Aug. 15, 2017 in a statement that the airline would get a loan of 150 million euros ($177 million) so that it can continue flights for the time being. (Bernd Thissen/dpa via AP,file)

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Photos

n this Sunday, May 4, 2014 file photo, an Etihad Airways plane prepares to land in Abu Dhabi Airport, United Arab Emirates. (AP Photo/Kamran Jebreili, File)

More Photos

Quotations

Etihad said that revenue would be reflected in its 2020 results.

Abu Dhabi's long-troubled Etihad reports $870M loss in 2019 →

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