Etihad CEO Douglas Tightens Grip on Carrier to End Losses
- Global ambitions reined in with focus on serving Abu Dhabi
- Baumgartner moves to adviser role, while jobs and jets may go
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Etihad Airways Chief Executive Officer Tony Douglas laid out plans to scale back the carrier’s global ambitions following almost $3.5 billion in losses, saying more jobs may be cut and that jet orders are in doubt after a “whirlwind” six-month review since he took charge.
Douglas will take personal responsibility for the main airline business, moving incumbent Peter Baumgartner to the new position of special adviser, and confirmed that Etihad will focus more on serving Abu Dhabi, where it’s based, than carrying globe-trotting passengers between continents.