Full ownership of Etihad Aviation Group transferred to ADQ

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

The transfer of EAG supports ADQ’s efforts to transform Abu Dhabi into a global aviation hub anchored in end-to-end airport service excellence, reported the Abu Dhabi Media Office.

ADQ’s aviation strategy is focused on delivering airlines and passengers a globally competitive value proposition specialising in aircraft engineering, cargo and ground handling services and an unrivalled customer experience through the opening of Abu Dhabi Airports’ new Midfield Terminal.

Mohamed Hassan Alsuwaidi, MD and CEO of ADQ, said: “The aviation sector is critical to Abu Dhabi’s economic growth plans and prosperity. With Etihad joining ADQ’s mobility and logistics cluster, we are well positioned to develop a globally competitive and integrated aviation portfolio to enhance Abu Dhabi’s connectivity and overall value proposition.”

Abu Dhabi Supreme Council for Financial and Economic Affairs issues a decision to transfer ownership of Etihad Aviation Group to ADQ, 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 businesses were transitioned into ADQ to create a new integrated aviation support services company.

With the addition of EAG, ADQ’s aviation portfolio includes major enterprises that support Abu Dhabi’s vision to create an integrated aviation hub. These include Abu Dhabi Airports, Wizz Air Abu Dhabi and ADQ Aviation & Aerospace Services Company.

Read: ADQ, Etihad unveil plans to grow Abu Dhabi’s aviation ecosystem