The author has his/her aircraft mixed up, identifying this aircraft as the 340-600. this is actually the 380-600.
340, 380 close enough? The difference in price is significant between the two, but I do not know for sure how the $200mm price tag was arrived at.
Much myth and exaggeration in this story:
http://www.snopes.com/photos/airplane/etihad.asp
Other information:
http://www.airliners.net/aviation-forums/general_aviation/read.main/3706006/
http://www.flightglobal.com/blogs/flightblogger/2007/11/ethiad-a340600-severely-damage.html
And while it may not have been extensively covered, the Associated Press did indeed do a very short blurb on this story:
http://www.breitbart.com/article.php?id=D8SU8OU80&show_article=1
I would need proof that the story was suppressed ("controlled", whatever) before accepting that statement at face value. The fact that the AP did do a story is a piece of evidence which indicates that it wasn't.
Furthermore, it's irrelevant that the airliners.net and flightglobal.com sites are not mainstream. That fact does not rebut any of the debunking of the mythology behind this story. They were provided as background for details about the crash, not as proof that the story wasn't suppressed. That's role is played by the AP story.