Etihad Airways, Mubadala enter partnership
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Etihad Airways and Mubadala Development Company (Mubadala) have entered into an agreement in which the airline will acquire Abu Dhabi Aircraft Technologies LLC (ADAT) from Mubadala.
The deal will see Mubadala retain ADAT’s engine focussed maintenance, repair and overhaul (MRO) business, which will be a catalyst for continuity and growth. The transaction includes maintenance and engineering teams, hangars, component workshops, and paint facilities in Abu Dhabi. This agreement will also enhance the airline’s capability to undertake airframe and component maintenance on its growing fleet. This also includes the new Airbus A380 and Boeing B787, which will join the fleet in the last quarter of 2014.
James Hogan, Etihad Airways’ president and chief executive officer, said: “This acquisition will strengthen maintenance capability of the airline’s group by bringing together critically important functions focusing on safety and optimal performance of operations.”
Engine MRO is set to form a significant component of Mubadala’s aerospace strategy.
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