The second Etihad airline investment to go bust within the last six months is finally announced. Etihad sank a fortune into Air Berlin, far more cash than it ever spent trying to sort out Alitalia and Jet Airways combined, but to no avail. The only surprise in all of the Etihad investments so far is that the Middle East airline managed to turn Jet Airways around. The fact that the two big EU market foothold investments has failed is not a surprise to anyone. In April this year, Etihad sank €250m into Air Berlin. Now Etihad must sit back and

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