K
spotted unpainted on the Flight Line (waiting for painting)
Posts: 1,130
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Post by K on Oct 18, 2018 8:10:59 GMT 1
It's the same with what I've heard months ago, they will cancel both A350 & 777X order, all of them.
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Post by airboche on Oct 18, 2018 9:19:55 GMT 1
Why is that? Abu Dhabi certainly has all the money needed and I don't see them uniting with Emirates in any way.
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Post by marlibu on Oct 18, 2018 16:26:37 GMT 1
Why is that? Abu Dhabi certainly has all the money needed and I don't see them uniting with Emirates in any way. I am a bit confused by your position..isnt Etihad losing money? Why would they still spend billions in captial expense, when they are restructuring their network and offloading investments that have gone belly up.
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Post by stealthmanbob on Oct 18, 2018 16:54:40 GMT 1
Why is that? Abu Dhabi certainly has all the money needed and I don't see them uniting with Emirates in any way. I am a bit confused by your position..isnt Etihad losing money? Why would they still spend billions in captial expense, when they are restructuring their network and offloading investments that have gone belly up. Etihad has been losing money, over $1bn last year, the country has money, the airline not !
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Oct 18, 2018 18:17:46 GMT 1
It's the same with what I've heard months ago, they will cancel both A350 & 777X order, all of them. Macheras only claims that some A350s will be canceled - NOT all of them. That is what makes his assertions credible. As regards the Boeing, the issue is more complicated since they also have both 787s and 777X on order.
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Post by airboche on Oct 19, 2018 7:52:25 GMT 1
If you build a new airline it will cost billions. No surprise. If they want to put their gulf states on the global travel map that's what it takes. Why do they first follow this strategy and then turn around? Now they might have all the cost and none of the gains.
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Post by Jkkw on Oct 19, 2018 11:37:07 GMT 1
If you build a new airline it will cost billions. No surprise. If they want to put their gulf states on the global travel map that's what it takes. Why do they first follow this strategy and then turn around? Now they might have all the cost and none of the gains. Sure, it takes loads of money to establish an airline, especially one based off hub connectivity but they've already had 15 years to figure things out. Pouring money and investing into businesses often helps but if things aren't going well there'll come a point where investors will be reluctant to invest any more (and/or debt financing will become too costly) and a new strategy will be required. I don't know how bad their current financial position is but I wish Etihad the best of luck, I'd be interested to see how well their new strategy works. It's a shame to see them cancelling their entire A350 order (if the rumours are true which I suspect they are), they would have looked fantastic!
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Oct 19, 2018 13:36:09 GMT 1
It's a shame to see them cancelling their entire A350 order (if the rumours are true which I suspect they are) Again, the rumour is that they are cancelling a number of A350s, not they entire order.
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Post by Jkkw on Oct 19, 2018 13:59:12 GMT 1
It's a shame to see them cancelling their entire A350 order (if the rumours are true which I suspect they are) Again, the rumour is that they are cancelling a number of A350s, not they entire order. I'm also taking into account what K said and whilst it's far from anything solid, I do trust his sources. Furthermore, in my opinion, there is potential ambiguity in the 'AviationAnalyst' piece, it states; It is open to interpretation that by 'existing Airbus order' he means the entire order EY currently has with Airbus which includes both the A350 and A32X. If that is the interpretation that one takes, then when he states that it is A350 orders that will be cancelled, then it means a cancellation of all A350s or some A350s is possible. Of course, if an alternate interpretation of the wording is taken then I agree that he's stating only a number of A350s will be cancelled. I've also seen a post on a.net rumouring that EY will take 10 A350s although I have no idea how reputable that poster may be (and I can certainly see argument why that could make sense) . As always though, this discussion is all over a rumour and whilst it may appear that the sources here are likely to be credible, lets apply the good old "We shall see" saying to this discussion
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K
spotted unpainted on the Flight Line (waiting for painting)
Posts: 1,130
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Post by K on Oct 19, 2018 15:49:51 GMT 1
In consideration of their current financial situation, it’s understandable they cancel order, no matter the whole order or partially. After all, these stuff are rumours, let’s hope for the best. If finally they merge with EK, keep 787 or some 777X order is also logical..
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