Abu Dhabi’s ADQ seeks to create $2.6bn aviation services entity – The National

Abu Dhabi’s ADQ seeks to create $2.6bn aviation services entity – The National

Abu Dhabi's holding company ADQ submitted an offer to Abu Dhabi Aviation to combine its stakes in three aviation companies with ADA to create a maintenance, repair and overhaul (MRO) operator, with Dh9.4bn ($2.6bn) in assets.

ADQ seeks to combine its entire shareholding of Etihad Engineering and the Advanced Military Maintenance Repair and Overhaul Centre, along with its 50 per cent ownership of Global Aerospace Logistics, with ADA, it said on Monday.

The transaction will create an Abu Dhabi-based diversified aviation business that aims to position the emirate as a centre for MRO services, logistics, supply chain and advanced engineering.