Etihad acquires three companies

Etihad Airways said on Sunday it had acquired three airport services companies from Abu Dhabi Airports Company as the airline looks to exploit cost and revenue synergies across ground handling, catering and cargo operations.
The three companies - Abu Dhabi Airport Services (ADAS), Abu Dhabi In-Flight Catering (ADIFC) and Abu Dhabi Cargo Company (ADCC) - employ 4 000 people and will be incorporated under Etihad Airport Services, a wholly-owned subsidiary of Etihad Airways , the airline said in a statement. No financial details of the transaction were disclosed. Both Etihad Airways and Abu Dhabi Airports Company are owned by the government of Abu Dhabi.