FRANKFURT—Etihad Aviation Group is undergoing a strategy review and will soon be under new management, after it announced the departure of CEO James Hogan and finance chief James Rigney in the second half of the year. The decision has been expected for months, and comes as the airline struggles with severe demand weakness in its core markets and the financial burdens created by its strategy of acquiring stakes in economically weak airlines such as Alitalia and Air Berlin. ...

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