{"id":336174,"date":"2020-02-05T13:00:51","date_gmt":"2020-02-05T07:30:51","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336174"},"modified":"2020-02-05T13:00:51","modified_gmt":"2020-02-05T07:30:51","slug":"abu-dhabis-long-troubled-etihad-sells-38-planes-for-1-billion-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/abu-dhabis-long-troubled-etihad-sells-38-planes-for-1-billion-2\/","title":{"rendered":"Abu Dhabi\u2019s long-troubled Etihad sells 38 planes for $1 billion"},"content":{"rendered":"<p>Abu Dhabi\u2019s long-troubled Etihad Airways said Tuesday it would sell 38 aircraft to an investment firm and a leasing company in a deal valued at USD 1 billion, the latest cost-cutting measure by the United Arab Emirates\u2019 national carrier.<\/p>\n<p>Etihad said it would sell 38 aircraft \u2014 22 Airbus A330s and 16 Boeing 777-300ERs \u2014 in the deal with investment firm KKR and leasing firm Altavair AirFinance. KKR said the Boeing 777-300ERs will \u201cbe leased back to Etihad upon purchase in early 2020,\u201d while the Airbus A330s will go to international clients.<\/p>\n<p>Etihad described the move as being in line with \u201cthe third year of its transformation program.\u201d \u201cThe deal offers us flexibility while ensuring we stand by our sustainability targets and maintain a fleet of the most fuel-efficient, technologically advanced aircraft,\u201d the airline said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi\u2019s long-troubled Etihad Airways said Tuesday it would sell 38 aircraft to an investment firm and a leasing company in a deal valued at USD 1 billion, the latest cost-cutting measure by the United Arab Emirates\u2019 national carrier. Etihad said it would sell 38 aircraft \u2014 22 Airbus A330s and 16 Boeing 777-300ERs \u2014 in the deal with investment firm KKR and leasing firm Altavair AirFinance. KKR said the Boeing 777-300ERs will \u201cbe leased back to Etihad upon purchase in early 2020,\u201d while the Airbus A330s will go to international clients. Etihad described the move as being in line [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[184,141,130],"tags":[],"class_list":["post-336174","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-hindustantimes","category-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336174"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336174\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}