Mubadala's Abu Dhabi Aircraft Technologies is to form the new maintenance, repair and overhaul division of Etihad Airways. [Photo: Mubadala]
May 21, 2014, 1:13 PM
At face value, the recent acquisition of Abu Dhabi Aircraft Technologies (ADAT) from Mubadala Development Co. by Etihad Airways is straightforward portfolio realignment between two state-owned entities in the United Arab Emirates. But Etihad’s reputation as an aggressive empire-builder with deep pockets to fund a string of airline buyouts suggests that the move is part of a wider master plan that will underpin the flag carrier’s prolific fleet growth and its ambitions to compete in the market for third-party maintenance, repair and overhaul (MRO) services.
In a deal agreed on May 8, Etihad will.... read more -