Etihad Airways parent group ownership transferred to ADQ

The Abu Dhabi government has transferred the ownership of Etihad Aviation Group — the parent of Etihad Airways — to holding company ADQ, in a move aimed at transforming the emirate into a global aviation hub.

The Supreme Council for Financial and Economic Affairs "transferred full ownership" of EAG to ADQ, it said in a statement on Tuesday.

"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," said Mohamed Alsuwaidi, managing director and chief executive of ADQ.

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