Mubadala to launch new subsidiary in Abu Dhabi

13 May 2014

(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.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more