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18 Oct, 2022
1 min time to read

Abu Dhabi's holding company ADQ suggested combining stakes in three aviation companies with Abu Dhabi Aviation (ADA) to create a maintenance, repair and overhaul operator, with Dh9.4 billion ($2.6 billion) in assets.

The company seeks to combine its shares in Etihad Engineering and the Advanced Military Maintenance Repair and Overhaul Centre, along with its 50 per cent ownership of Global Aerospace Logistics, with ADA.

The company, thus, seeks to create an entire "aviation ecosystem," positioning Abu-Dhabi as a centre for maintenance, repair and overhaul services, logistics, supply chain and advanced engineering.

The proposed transaction will further position Abu Dhabi as a world-leading centre of aviation excellence, combining the strengths of each asset to form a global MRO and aviation services champion to capitalise on growth opportunities in the aviation industry,

said ADQ managing director and chief executive Mohamed Alsuwaidi.

The global MRO industry is expected to grow to a $1 trillion business over the 2022-2031 period, according to Aviation Week Network.