< PrevNext > Mohamed Mubarak Fadhel Al Mazrouei, Etihad Airways chairman The Plug Puller By Michael B. Baker / December 14, 2017 / Contact Reporter Share In 2015, BTN named Etihad Aviation Group CEO James Hogan to its list of Most Influential largely for the company's investments to build a global alliance network. This year, Hogan stepped down from that position, as chairman Mohamed Mubarak Fadhel Al Mazrouei, announced a review of Hogan's policy. In the aftermath, one major European carrier is out of business and another is on life support.Upon Mazrouei's ordered review, Etihad pulled financial support from Germany's second-largest carrier, Airberlin, and the carrier filed for insolvency soon after. Airberlin made its last flight in October, and Lufthansa and Easyjet are seeking regulatory approval to absorb the remains.Another carrier in Etihad's family of investments, Alitalia, filed for bankruptcy protection this spring, after its workers rejected a major refinancing plan and Etihad decided not to offer additional funding. Unlike Airberlin, Alitalia seems poised to survive as a carrier, continuing operations as it weighs offers from bidders to take it out of bankruptcy.Financial woes predated Etihad's investments in both carriers, and Etihad's change in strategy was not surprising, given that the investments were large factors in Etihad's $1.87 billion net loss in 2016. Etihad Airways CEO Peter Baumgartner has said the company has no plans to pull back on its other investments, which include India's Jet Airways, and Etihad Aviation has tapped former Heathrow CEO Tony Douglas to succeed Hogan as group CEO in January. In the meantime, Baumgartner has indicated the carrier is now focused on its own network rather than looking for new investments.