Etihad Airways has agreed to cooperate with a major Chinese holding company on air logistics, procurement, and mutual promotion.
The MoU was signed by Etihad Aviation Group (EAG) chief executive Tony Douglas and Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC) chairman Luo Hua, during Chinese President Xi Jinping’s three-day state visit to the UAE.
In a statement, the companies said they plan to cooperate on a wide range of issues supporting the development of the China-UAE Industrial Capacity Cooperation Demonstration Park (China-UAE Industrial Park) in Khalifa Port, Abu Dhabi.
Last year, Abu Dhabi inked an investment deal worth US $300 million (Dh1.1 billion) with five Chinese companies via JOCIC.
According to the MoU, 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.
EAG will also enjoy special rates on the products produced and manufactured by Chinese companies at the China-UAE Industrial Park.
“China is a strategically important market for Etihad. We feel extremely honoured to forge such a strategic partnership with JOCIC so as to serve the development of the China-UAE Industrial Capacity Cooperation Demonstration Park, and better foster the Chinese companies within the industrial park,” said Etihad CEO Tony Douglas.