20-May-2013 12:00 PM

Etihad Airways to acquire ADAC's ground handling, catering and cargo handling companies

Etihad Airways finalised (19-May-2013) an agreement to acquire Abu Dhabi Airport Services, Abu Dhabi In-Flight Catering, and Abu Dhabi Cargo Company from UAE's Abu Dhabi Airports Company (ADAC), subject to regulatory approvals. The companies will be incorporated into the airline's subsidiary Etihad Airport Services and will continue to provide ground handling, catering and cargo handling services to Etihad Airways and other airlines at Abu Dhabi International Airport. The integration is expected to provide revenue opportunities, cost savings and operational efficiencies. Etihad Airways president and CEO James Hogan said, "This acquisition follows international best practice and is critical to the continued growth of the airline, and more importantly to the sustained growth and development of Abu Dhabi's aviation industry in general as envisioned in the Abu Dhabi Plan 2030. It is once again in line with our strategy of working closely with our partners and service providers to achieve greater organisational and commercial alignment and a more consistent delivery of products and services along the entire value chain of the customer's experience. Airline and cargo customers will also benefit from enhanced service levels and greater integration across hub operations." [more - original PR]

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