5.30 PM Tuesday, 23 April 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:28 05:46 12:20 15:47 18:49 20:07
23 April 2024

Etihad Aviation made into a PJSC

Published
By Wam

President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, has issued a law establishing Etihad Aviation Group as a public joint-stock company (PJSC).

The new law stipulates that the company is an independent corporate entity with full legal capacity to carry out its activities and achieve its goals, and that it will be owned by the Government of the Emirate of Abu Dhabi.

The law also stipulates that the objective of the company is to own, develop, build, finance, invest, operate, manage, maintain, rehabilitate, relinquish, acquire, expand, mortgage and rent any air transport projects and businesses, as well as to invest in all trade, industrial, real estate, aviation and air transport projects, and to develop, own, register and license intellectual property rights, brands, trade names, patents and all relevant rights and designs within the scope of the objective of the company.