International Information Centre for Balkan Studies

Czech Avia Prime purchases Serbia’s planes maintaining company

November 29, 2019

Serbia’s Economy Ministry decided to sell JAT tehnika planes maintaining company’s 99.4 shares to Avia Prime firm from Prague, media reported on Friday.

The Czech company and Swiss SR Technics were the only contenders.

Avia Prime has 100 percent of ownership in the Slovenian Adria Tehnika and Polish Linetech. Piotr Kaczor, Avia Prime CEO, said his company would try to put JAT tehnika at the highest world level in the maintenance, repair, and operations (MRO) services,” where it traditionally belongs.”

JAT tehnika is based at the Belgrade “Nikola Tesla” airport. Its worth is estimated at 20 million Euros, with the starting tender’s price at 10.2 million.

The price Avia Prime paid for is not published.

The previous public call was annulled.  

Source:  http://rs.n1info.com/English/NEWS/a548082/Czech-company-buys-Serbia-s-planes-maintaining-firm.html

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