Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Abu Dhabi?s aviation poised for growth as Etihad Mubadala ink deal  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/05/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) Etihad airways and mubadala development company or mubadala entered into an agreement on thursday in which the airline will acquire abu dhabi aircraft technologies or adat from mubadala.

the deal will see mubadala retain adat’s engine focussed maintenance repair and overhaul or mro business which will be the catalyst for the continuity and growth of its dynamic engine business through the establishment of a new engine company.

the transaction includes maintenance and engineering teams hangars component workshops and paint facilities in abu dhabi which will enhance etihad airways capability to undertake airframe and component maintenance on its growing fleet of modern aircraft including 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: “adat has been a vital partner to the uae national carrier over the past five years. this acquisition will strengthen the maintenance capability of the etihad airways group by bringing together critically important functions that go to the heart of ensuring safety and optimal performance of the operations.”

engine mro is set to form a significant component of mubadala’s aerospace strategy and this new engine company will form the foundation for this growth under the leadership of abdul khaliq saeed adat’s current chief executive officer. at the 2013 dubai airshow mubadala signed deals with rolls royce and ge aviation to establish next-generation trent xwb and genx mro centers of excellence in al ain. this was further supported with a combined commitment of usd1.0b in engine parts production from both manufacturers. homaid al shemmari chief executive officer of aerospace and engineering services at mubadala commente: “this acquisition by etihad airways is a true testament to adat’s world-class mro credentials and its exceptional workforce. at the same time we are establishing a new company to build on the growth in this strategic sector focussed on the engine business following our announcements at the dubai air show. as part of our development mandate mubadala is proud to have cultivated a world-renowned mro service provider and today’s announcement is a reflection of our mandate to deliver strong social and economic returns to abu dhabi and the uae.” as well as servicing the etihad airways fleet adat’s enhanced maintenance capability in abu dhabi will be made available to etihad airways’ equity alliance partners and third party customers maximising the synergies available to the group.

hogan welcomed the adat team to the etihad airways group.“our continued success is driven by our people who are committed to ensuring etihad airways is the best airline in the world.”

“i am delighted to welcome the highly skilled and experienced maintenance and engineering teams from adat who will play an important role in supporting the continued growth of the airline” he said.

jeff wilkinson etihad airways’ senior vice-president technical will be responsible for the combined mro of adat and the daily technical operations business.

a transition plan is in place and will ensure ‘business as usual’ as etihad airways continues to work closely with its new and existing employees and customers ensuring that there is no disruption to existing services during the integration period while benefits are delivered immediately. the award-winning facility in abu dhabi currently serves more than 70 commercial airline customers worldwide.

— business?khaleejtimes.com


Khaleej Times

  MENA News Headlines
 Nov 26 2015 - Turkey- G20 Communiqu: 34The fight against terrorism is a major priority34The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Following the two-day summit in Antalya Turkey G-20 leaders released a communiqué calling for greater coordination and information to counter terrorist ...

 Nov 26 2015 - Muslims on 39the front line39 against terror: NATOThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) NATO Secretary General Jens Stoltenberg has said it is Muslims who are on “the front line” in the fight against terrorism and extremism. ...

 Nov 26 2015 - Western Balkans 39key to fighting extremism39The Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The western Balkans is “key” to stemming extremism and terrorism the president of the European Council said Wednesday. Speaking at a summit to ...

 Nov 26 2015 - Turkey- Syrian Turkmen facing 39critical39 period in battleThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Fighting between Syrian Turkmen forces and regime troops is “critical" the leader of the Turkmen opposition said Wednesday. Russian airpower is ...

 Nov 26 2015 - ISIS kills its Austrian 39poster girl39 after she attempts to flee SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) An Austrian teenager who fled to Raqqa Syria in order to join the Islamic fundamentalist terror organization Islamic State was beaten to death after ...

 Nov 26 2015 - Al Tayer affirms DEWA's commitment to support UAE national identityEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 26th November 2015 (WAM) -- Saeed Mohammed Al Tayer MD and CEO of Dubai Electricity and Water Authority DEWA has affirmed DEWA's commitment to ...

 Nov 26 2015 - UAE- YFEL Led Solar Energy Project with Masdar Collaboration Comes Online to Help Power Rashid Abdullah Omran HospitalEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 26th November 2015 (WAM)--Masdar has completed a 543 KWp photovoltaic (PV) solar power project that is to deliver renewable energy to the Rashid ...

 Nov 26 2015 - UAE- Mansour bin Mohammed bin Rashid Al Maktoum inaugurates DEWA's 44th National Day celebrationsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 26th November 2015 (WAM)--H.H. Sheikh Mansour bin Mohammed bin Rashid Al Maktoum President of the Dubai International Marine Club today inaugurated ...

 Nov 26 2015 - UAE becomes first Middle Eastern country to participate in the World SME Expo next monthEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 26th November 2015 (WAM) -- The United Arab Emirates will be the first country from the Middle East to participate in the World SME Expo which is ...

 Nov 26 2015 - UAE- Sultan Al Qasimi signs MoU between Sharjah Research Academy and University of QueenslandEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) SHARJAH 26th November 2015 (WAM)H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi Supreme Council Member and Ruler of Sharjah today signed a Memorandum of ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help