Etihad Airways to move support services to new company

Thursday, 23 December 2021 13:28

By Reuters

Etihad Airways will move several support service businesses to a new aviation company owned by Abu Dhabi state holding firm ADQ and to Abu Dhabi National Exhibitions Company (ADNEC).

That's according to the latest tweet by the Abu Dhabi Media Office.

The deal would add to ADQ's mobility and logistics portfolio, allow Etihad to capitalise on global travel market opportunities and to boost Abu Dhabi's aviation ecosystem.

Etihad Airways will divest several support service businesses to a new ADQ integrated aviation company & ADNEC. The deal adds to ADQ’s mobility and logistics portfolio, allows Etihad to capitalise on global travel market opportunities, & will boost #AbuDhabi’s aviation ecosystem. pic.twitter.com/emfeCtp5gV
— مكتب أبوظبي الإعلامي (@ADMediaOffice) December 23, 2021

A number of Etihad’s businesses providing airline support services will become part of a new ADQ aviation company.

The businesses included in the proposed transaction are Etihad Engineering, Etihad Airport Services Cargo, Etihad Airport Services Ground, Etihad Aviation Training, Etihad Secure Logistics and Etihad Technical Training.

Additionally, two Etihad businesses will join Abu Dhabi National Exhibition Company (ADNEC). Etihad Airport Services Catering will combine with ADNEC’s catering business Capital Hospitality, and Etihad Holidays will join ADNEC’s tourism promotion business, Tourism 365.

"We’re excited to partner with ADQ on the next stage of our transformation," highlighted Tony Douglas, Group CEO of Etihad Aviation Group.

"The past two years have changed the face of aviation and the proposed agreement marks a significant milestone in how we are repositioning Etihad Airways and our subsidiaries for long-term success."

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