Etihad Airways (Arabic ???? ??????? ??????? sharikat alitti?ad li??ayaran) is a flag carrier and the second-largest airline of the UAE (after Emirates). Its head office is in Khalifa City, Abu Dhabi, near Abu Dhabi International Airport. Etihad commenced operations in November 2003. The airline operates more than 1,000 flights per week to over 120 passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and the Americas, with a fleet of 122 Airbus and Boeing aircraft as of July 2016. In 2015, Etihad carried 14.8 million passengers, a 22.3% increase from the previous year, delivering revenues of US$9.02 billion and net profits of US$103 million. Etihad Airways is the third largest airline in the Middle East and it is the second largest airline in the UAE, after the Dubai-based airline Emirates. Its main base is Abu Dhabi International Airport. In addition to its core activity of passenger transportation, Etihad also operates Etihad Holidays and Etihad Cargo. Etihad established its own airline alliance, Etihad Airways Partners, in 2015, which includes Alitalia, Jet Airways, Air Berlin, Niki, Air Serbia, Air Seychelles and Etihad Regional. Almost every participant airline has a considerable stake of the airline owned by Etihad. Booking for these airlines is consolidated under one network. With the exception of Niki, Etihad Airways holds minority equity investments in the participating airlines including Virgin Australia which is not officially listed as the Etihad Airways Partners.