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Etihad Airways PJSC intends to remain a major global carrier as it works on resizing its global business following record losses, according to new CEO Tony Douglas. The Gulf company, which has built up a vast intercontinental route network and spent billions of dollars on plane purchases, has no intention of becoming a "boutique" operator and still aspires to being an "airline of choice," Douglas said Monday in Abu Dhabi, where Etihad is based.At the same time, failed investments in Alitalia SpA and Air Berlin PLC, which both filed for insolvency last year after Etihad pulled the plug on funding, have led to a more "strategic" approach to expansion, according to Douglas, who took over in January.Etihad was founded in 2003, 18 years after the Dubai-based company and nine after Qatar Airways.
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