The Supreme Council for Financial and Economic Affairs has transferred full ownership of Etihad Aviation Group (EAG) to Abu Dhabi-based investment and holding company ADQ
EAG’s transfer supports ADQ’s efforts to transform Abu Dhabi into a global aviation hub rooted in end-to-end airport service excellence, the Abu Dhabi Media Office reported.
ADQ’s aerospace strategy is focused on providing airlines and passengers with a globally competitive value proposition specializing in aeronautical engineering, cargo and ground handling services and customer experience. unparalleled with the opening of the new Midfield Terminal at Abu Dhabi Airports.
Mohamed Hassan Alsuwaidi, MD and CEO of ADQ, said, “The aviation sector is critical to Abu Dhabi’s plans for economic growth and prosperity. With the arrival of Etihad in the ADQ’s mobility and logistics hub, we are well placed to develop an integrated and globally competitive aviation portfolio to improve connectivity and the overall value proposition of ‘Abu Dhabi.
The Abu Dhabi Supreme Council for Financial and Economic Affairs issues a decision to transfer ownership of Etihad Aviation Group to ADQ, further strengthening ADQ’s competitive and integrated aviation portfolio. pic.twitter.com/JZ54l15Cj8
— مكتب أبوظبي الإعلامي (@admediaoffice) October 18, 2022
Earlier this year, EAG’s ancillary operations were transferred to ADQ to create a new integrated aviation support services company.
With the addition of EAG, ADQ’s aviation portfolio includes major companies that support Abu Dhabi’s vision of creating an integrated aviation hub. These include Abu Dhabi Airports, Wizz Air Abu Dhabi and ADQ Aviation & Aerospace Services Company.
Read: ADQ and Etihad unveil plans to develop Abu Dhabi’s aviation ecosystem