Etihad Airways turned a net profit for the first time in its eight year history, reporting 2011 net earnings of $14 million and an operating profit of $137 million on a strong increase in sales. CEO James Hogan says the airline has reached a new phase of its development, a period of being established as a self-sustainable business following the initial startup phase, the putting in place of processes and strategies and acquiring a major aircraft fleet. The strategy was about “organic ...

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