Etihad Aviation Group adopts new business structure

Dubai: Etihad Aviation Group announced on Tuesday a new business structure including new appointments to its leadership team effective immediately as the group continues to undergo a strategy review.
The new structure will see Tony Douglas, chief executive officer of Etihad Aviation Group, assume responsibility for Etihad Airways.

Peter Baumgartner who has been the airline’s chief executive since 2016 will now serve as senior strategic advisor to Douglas.

Baumgartner will advise at the group level on global partnerships and innovation, Etihad said in a statement.
The changes in structure come amid an ongoing review to turn around performance at Etihad Airways, which last month reported $1.52 billion in losses for 2017.

The figure marked the second consecutive year of losses after the airline recorded $1.95 billion in losses in 2016 as it grapples with finances following sour investments.
Under the new structure, the group will be also reorganized into seven business division; operations, commercial, human resources, finance, support services, transformation, and maintenance, repair, and overhaul.
Douglas on said that Etihad is “already seeing positive results” at this phase of its transformation.
“We are now well-equipped to deliver our plans as a reinvigorated innovator brand, with an optimized and profitable network, technologically-advanced fleet, and a strengthened position as the global airline of choice, run by a seasoned team of talented professionals,” he said.

Source: https://gulfnews.com/business/aviation/etihad-aviation-group-adopts-new-business-structure-1.2245811

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