Etihad Airways and ADQ, one of the region’s largest holding companies, announced a proposed transaction that will support the ongoing transformation of Etihad Airways and the future growth of the civil aviation sector in Abu Dhabi. As part of the proposed transaction, several Etihad’s businesses providing airline support services will become part of a new ADQ aviation company. Once the transaction is complete, the airline support services businesses will benefit from being part of ADQ’s broad mobility and logistics portfolio, which includes Abu Dhabi Airports and AD Ports Group. 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. The proposed agreement marks the start of a new chapter for Etihad Airways, allowing the airline to further sharpen its focus on its core business and respond with greater agility to market opportunities as global travel demand rebounds from COVID-19.
With the proposed addition of Etihad’s experienced aviation support businesses to our new dedicated aviation company, ADQ is primed to develop an integrated aviation platform that is driven by performance and a robust financial foundation through its new company. This agreement will allow to place 100% of focus on Etihad Airways to capitalize on recovering travel demand and will benefit staff, the millions of guests who fly with Etihad Airways every year, and Abu Dhabi’s wider aviation sector. Also working closely with ADQ to ensure the transition is as smooth as possible. With a new, single-minded focus on our airline business, the company will continue to deliver on the best-in-class and sustainable travel experience that our guests expect of Etihad Airways.