(MENAFN) Mubadala, the Abu Dhabi government-owned investment vehicle, has announced the launch of its new engine subsidiary in the third quarter of this year, according to Gulf News.
Homaid Al Shemmari, Chief Executive Officer of Mubadala Aerospace and Engineering, said: "We are working on the registration. It should be [done] in the next few months."
Mubadala will launch the new company as part of its deal of selling its aircraft maintenance, repair and overhaul (MRO) subsidiary, Abu Dhabi Aircraft Technologies (Adat), to fellow Abu Dhabi government owned company Etihad Airways.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.