Etihad Airways (EY, Abu Dhabi International) has announced the acquisition of three airport services companies from the Abu Dhabi Airports Company as part of a plan that will allow it to simultaneously cut costs and will also provide it with "significant" incremental revenue opportunities. The three companies - Abu Dhabi Airport Services (ADAS), Abu Dhabi In-Flight Catering (ADIFC) and Abu Dhabi Cargo Company (ADCC) - are to be incorporated under Etihad Airport Services, a wholly-owned subsidiary of Etihad Airways. Both Etihad Airways and Abu Dhabi Airports Company are owned by the government of Abu Dhabi.