For many years, the key word for Etihad Airways was growth. An airline that only began flying in 2003 was supposed to become big—fast and at almost any cost. But its rise to a well-recognized brand and powerhouse international airline is now stalling and the consequences for many involved—executives and companies—are severe. CEO James Hogan, the architect of Etihad’s growth strategy, is going to be replaced in the second half of this year. Whoever succeeds him will ...

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