Abu Dhabi: Abu Dhabi Aviation, a commercial helicopter operator, is looking into entering the real estate sector through establishing a property arm, according to Nader Al Hammadi, the company’s chairman.
Al Hammadi, who is also the chairman of Tamouh Investments, the property developer behind most of Reem Island’s master plan, did not disclose further details on the company’s plans, but said that Abu Dhabi Aviation already owns land in the UAE and London.
The chairman was speaking at a ceremony on Wednesday to announce the establishment of a company under the Abu Dhabi Aviation umbrella called ADA Millennium to provide consulting services to the aviation sector.
The establishment comes after the company signed a partnership agreement with JCBA, a UK-based aviation consulting company, earlier this year.
Under the agreement, ADA Millennium will provide consulting services to the aviation sector, especially in the areas of maintenance, repairs, and operation.
The company will also offer feasibility studies, and performance improvement studies, among other services.
“There’s a lot of demand in the aviation industry in the UAE, the GCC, and even globally for investments in aviation services like cargo, maintenance, hospitality, ground operations, and aircraft operations.
At Abu Dhabi Aviation, we think the annual growth rate in this market will be around 15 per cent,” Nader Al Hammadi, chairman of Abu Dhabi Aviation, told Gulf News.
He added that the company’s clients are mainly private aviation companies and government-owned ones in the UAE.
The company is also currently managing a training centre to offer courses to about 300 pilots annually to allow them to work with helicopters, and fixed-wing aircrafts.
Abu Dhabi Aviation currently holds 50 per cent of the shares in Royal Jet, and owns Maximus Air Cargo. The company has a total of 66 aircraft (62 helicopters, and four fixed-wing aircraft).