Middle East Airlines announced that it earned a net profit of $39 million in 2006 despite the hardships it faced when Beirut Rafik Hariri International was closed for 36 days that summer during hostilities between Lebanon and Israel. The result was down 36.5% from the $61.4 million earned in 2005. Chairman Mohammed Hout said the carrier partially offset a $32.5 million revenue decline with the leasing out of its aircraft, which netted $13.3 million. He said MEA will float a 25% stake "when ...

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