Abu Dhabi sovereign wealth fund ADQ said on Tuesday the government had transferred full ownership of Etihad Aviation Group to the fund. "The transfer of EAG complements ADQ's efforts to transform Abu Dhabi into a global aviation hub anchored in end-to-end airport service excellence," ADQ said. The smallest of Abu Dhabi's three main sovereign wealth funds, ADQ has emerged as one of the region's most active dealmakers. It began in 2018 as a holding company for government assets and has been consolidating its portfolio, privatising some assets and making strategic acquisitions to build "national champions". On Monday, it said it had made an offer to take a controlling stake in Abu Dhabi Aviation and merge the helicopter operator with ADQ stakes in Etihad Engineering, AMMROC and GAL to create a "globally competitive aviation business". "The aviation sector is critical to Abu Dhabi's economic growth plans and prosperity. With Etihad joining ADQ's mobility and logistics cluster, we are well positioned to develop a globally competitive and integrated aviation portfolio," ADQ's CE Mohamed al-Suwaidi said. EAG's ancillary businesses were transitioned into ADQ earlier this year, ADQ said. Etihad Airways scaled back its ambitions after it spent billions of dollars to ultimately unsuccessfully compete in building a major airport hub in United Arab Emirates capital Abu Dhabi. It began a five-year turnaround plan in 2017 after a strategy of buying stakes in other airlines collapsed, contributing to billions of dollars in losses.<br/>
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The cost of travelling with a dog or cat on board an Etihad Airways flight in economy class has increased from $200 to $1,500. The change came into effect on Saturday, according to the airline’s website. Airlines have varying policies when it comes to allowing pets to be carried onboard flights, but travellers with Etihad are able to take small cats and dogs on board with them in a carrier as an additional cabin bag allowance. Etihad said the price hike was due to "operational restrictions". "We continue to allow guests to fly with their pet cat or dog in the cabin on Etihad Airways flights," said a representative. Due to operational restrictions we have changed our pricing effective from October 15, 2022. The new prices do not apply to existing confirmed pet bookings."<br/>