Dubai
Etihad Airways Group Public Joint Stock Company (PJSC) was established on Wednesday in what appears to be the latest step by the airline to become a wider global aviation company.
WAM reported on Wednesday that His Highness President Shaikh Khalifa Bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, issued a law setting up the Etihad Airways Group Public Joint Stock Company (PJSC). Until now the airline has been “Etihad Airways Public Joint Stock Company (PJSC)”.
Earlier this year Etihad announced that the creation of the Etihad Aviation Group, which included establishing The Hala Group that would handle travel and hospitality businesses outside of Etihad’s traditional airline division.
WAM reported that “the law states that the company will enjoy a legal corporate body and the legal capacity to practice all its activities and achieve its objectives, and will be owned by the Abu Dhabi Government.”
“The company’s goals will be to own, develop, construct, finance, invest, operate, maintain, waiver, acquire, expand, mortgage, or lease any aviation projects or operations. It will also invest in projects, and commercial, industrial or real estate investments and aviation projects.”
