The Supreme Council for Financial and Economic Affairs has issued the transfer of ownership of the Etihad Aviation Group to the “Holding” (ADQ), an investment holding company in the Emirate of Abu Dhabi.
A statement released today states: “The transformation of the Etihad Aviation Group comes to strengthen the Holding Company’s (ADQ) efforts in realizing Abu Dhabi’s vision of creating a global aviation center that provides a range of integrated competitive services and experience. only offer from the airport in its new building, which is expected to open in the next phase. ADQ’s aviation strategy emphasizes the provision of world-class competitive offers to airlines and passengers, including specialized services such as air cargo, air cargo engineering, flight and ground handling services “.
Mohammed Hassan Al Suwaidi, CEO and CEO of ADQ Holding, said: “The aviation sector is an essential element in increasing the rates of economic growth and prosperity in the Emirate of Abu Dhabi. With the completion of the conversion process and Etihad Aviation Group’s entry into the Holding’s (ADQ) transport and logistics portfolio, we will continue to implement our strategic plans to strengthen the Emirate of Abu Dhabi’s position to confirm its role as a integrated regional center in the global transport sector ”. With the addition of the Etihad Aviation Group, the aviation portfolio in the “Holding” (ADQ) will include a number of major companies, namely Abu Dhabi Airports, Abu Dhabi Weather, ADQ Aviation and Air Services to help achieve the Abu Dhabi vision of creating an integrated aviation center.
