Etihad Aviation Group has confirmed that it will cut back orders for new long-range aircraft after successful talks with manufacturers Airbus and Boeing.
The parent of Etihad Airways said the decision to amend orders followed a strategic review of the group aimed at helping the airline recover from heavy losses since 2016.
In its last two reported financial years, the airline racked up nearly $3.5 billion in losses.
It has agreed “over the coming years” to take delivery of five long-range A350-1000 aircraft and 26 A321neos from European manufacturer Airbus and to take six of the 777-9x from the US plane maker Boeing.
“This will enable the airline to further progress its transformation and adjust to its new operating model,” the group said.
All parties have agreed not to disclose further details of the agreements.
The group will also continue to take delivery of Boeing’s 787 Dreamliner, of which Etihad Airways already operates 29.
Etihad said its remaining orders would be affected by "rescheduling, restructuring or reduction". In its 2013 purchase, Etihad made orders for 87 Airbus and 56 Boeing aircraft. Etihad currently has a fleet of 108 aircraft.
"By restructuring a large portion of its previous orders, Etihad can now concentrate on the phased introduction of new aircraft types, enabling an efficient rationalisation of its fleet and building a network that connects Abu Dhabi to the world," the airline group said.