Highlights
- The Supreme Council for Financial and Economic Affairs transfers ownership of Etihad Aviation Group to ADQ
- ADQ’s new aviation strategy is centered around Abu Dhabi’s ambitions to serve as a world-class sustainable aviation hub anchored in end-to-end airport service excellence and an unrivaled customer journey
The Supreme Council for Financial and Economic Affairs has transferred full ownership of Etihad Aviation Group (EAG) to ADQ, an Abu Dhabi-based investment and holding company.
The transfer of EAG complements ADQ’s efforts to realize Abu Dhabi’s vision to strengthen the emirate’s position as a global aviation hub delivering integrated and competitive aviation services.
Etihad Airways is a global leader in air travel, recognized for its best-in-class service and sustainable travel experience, connecting to 63 destinations in 42 countries.
Earlier this year, EAG’s ancillary businesses were transitioned into ADQ to create a new integrated aviation support services company, ushering in a new wave of growth for the sector. EAG will continue its aspiration to be a leading global airline that delivers a best-in-class customer experience, unrivalled services and care for its guests, as part of ADQ’s aviation portfolio.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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