The three companies ¨C Abu Dhabi Airport Services, Abu Dhabi In-Flight Catering, and Abu Dhabi Cargo Company ¨C are being incorporated, subject to receipt of regulatory approvals, into Etihad Airport Services, a wholly owned subsidiary of Etihad Airways.
"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," James Hogan, Etihad Airways' president and CEO, said. "It is once again in line with our strategy of working closely with our partners and service providers to achieve greater organizational 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."
The companies, which employ more than 4,000 people, are being integrated into the airline's existing organizational structure. The re-engineered business units will continue to provide the full range of ground handling, catering and cargo services to Etihad Airways and other airlines at Abu Dhabi International Airport.
A transition process is in place, and it is business as usual as Etihad works with its new and existing employees and customers, ensuring that there is no disruption to existing services during the integration period. |
