Etihad Airways says it lost $1.87 bn in 2016
Abu Dhabi's Etihad Airways
Abu Dhabi - Egypt Today
Abu Dhabi's Etihad Airways said Thursday it posted a $1.87 billion loss last year, hit by "one-off" impairments on aircraft and investments in troubled Alitalia and airberlin.
The government-owned carrier said total impairments amounted to $1.9 billion, including a $1.06 billion "charge on aircraft, reflecting lower market values and the early phase out of certain aircraft types."
"There was also a $808 million charge on certain assets and financial exposures to equity partners, mainly related to Alitalia and airberlin," the company said.
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