Abu Dhabi Aviation traded at 5.53 this Thursday March 5th, increasing 0.02 or 0.36 percent since the previous trading session. Looking back, over the last four weeks, Abu Dhabi Aviation gained 0 percent. Over the last 12 months, its price fell by 11.94 percent. Looking ahead, we forecast Abu Dhabi Aviation to be priced at 5.72 by the end of this quarter and at 5.49 in one year, according to Trading Economics global macro models projections and analysts expectations.
Abu Dhabi Aviation is a United Arab Emirates-based national shareholding company that acts as a commercial helicopter operator with a fleet comprised of 54 helicopters and three fixed-wing aircrafts. The Company, along with its subsidiaries, undertakes charter, commercial, air cargo and other related services. The Company is organized into four business segments: the Helicopter and Fixed Wing Operations segment provides charter flights and third party maintenance; the Commercial Aircraft Operations segment provides commercial air transportation and aircraft management; the Air Cargo segment provides air cargo services to local and international customers using its fleet of aircrafts and chartered aircraft, and the Investment segment is involved the management of the Company’s investment portfolio. The Company's activity is in support of Abu Dhabi offshore oil, engineering and construction companies, among others.