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            january 26, 2020

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IRFC 2020

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Etihad Airways signs Chinese air logistics and procurement deal


Etihad Airways has signed an agreement to develop the China-UAE Industrial Capacity Cooperation Demonstration Park (China-UAE Industrial Park) in Abu Dhabi's Khalifa Port.
Etihad will cooperate with a major Chinese holding company on air logistics, procurement, and mutual promotion. The memorandum of understanding was signed by Etihad Aviation Group CEO, Tony Douglas, and Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC) chairman, Luo Hua.
Said Mr Douglas: "China is an important market for Etihad. We feel honoured to forge such a partnership with JOCIC so as to serve the development of the China-UAE Industrial Capacity Cooperation Demonstration Park."
Last year, Abu Dhabi signed an investment deal worth US$300 million (AED1.1 billion) with five Chinese companies via JOCIC, reported Dubai's Logistics Middle East.
Etihad will provide the companies investing in the China-UAE Industrial Park with preferred air transportation and cargo rates on the routes and services between China and other cities on Etihad Airways' network.
JOCIC and the companies of the China-UAE Industrial Park will also designate Etihad Airways as their preferred airline.
EAG and JOCIC, the management company of the China-UAE Industrial Park, say they will jointly explore marketing opportunities in China and the UAE, while seeking to promote the China-UAE Industrial Park, and pushing Abu Dhabi as a welcoming destination for Chinese investment.

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