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FINANCIAL NEWS
Etihad Airways to acquire 3 airport services companies from ADAC
20 May 2013
(MENAFN) Etihad Airways’ president and CEO, James Hogan, announced that the carrier will buy 3 airport services firms from Abu Dhabi Airports Company (ADAC) to insure the airline’s sustained growth, reported Arabian Business.
Hogan added that the acquisition of Abu Dhabi Airport Services (ADAS), Abu Dhabi In-Flight Catering (ADIFC), and Abu Dhabi Cargo Company (ADCC) will boost revenues, save costs, and provide operational efficiencies across the business units.
He said that the three companies are being incorporated into Etihad Airport Services, which is a subsidiary of Etihad Airways.
It is worth noting that the transaction will hasten and consolidate the development of in-flight catering services, ground handling and cargo operations at Abu Dhabi International Airport, according to Hogan.
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