Etihad sees $3 bn in '09 revs, delays profit target

Abu Dhabi carrier Etihad Airways expects revenues to be about $3 billion in 2009, its chief executive said on Monday, but has pushed back its profitability target by a year due to the global financial crisis. "We expect revenues in excess of $3 billion," said Jim Hogan at the Dubai air show. Hogan also said the carrier would announce $750 million in investments this week, including a $200 million overhaul order with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney.