Prague Airport seeks Czech Airlines Technics strategic partner
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Working with EY Transaction Advisory, Prague Airport, a joint inventory firm, has began the method of in search of a strategic companion for its subsidiary of Czech Airways Technics, a joint inventory firm (CSAT). The first objective is to extend the competitiveness of the CSAT firm and guarantee its attractiveness for purchasers.
“The method will begin with reaching out to potential companions who’re additionally lively within the subject of aviation restore and upkeep. A number of rounds of negotiations will comply with, narrowing down the variety of potential companions and deciding on essentially the most appropriate one. We plan to have the method, whereas carefully cooperating with our sole shareholder, concluded within the first half of subsequent 12 months,” Jiří Pos, Chairman of the Prague Airport Board of Administrators, acknowledged, including: “Fostering the optimum type of partnership, the diploma of future synergies with Prague Airport, and the plan of growth actions will probably be an important a part of the analysis of the provides acquired.”
Czech Airways Technics was established on 1 August 2010 as a subsidiary of Czech Airways. In April 2012, the corporate’s sole shareholder grew to become Český Aeroholding, a.s. and since October 2018, because of a nationwide merger by acquisition, its sole shareholder has been Prague Airport, a joint inventory firm. Czech Airways Technics, the previous technical division of the Czech nationwide service, has nearly a century-long historical past and expertise with hangar upkeep of plane, particularly with the upkeep of jet plane of varied producers and plane tools. The corporate employs over 600 certified technicians, engineers, and administrative workers and ensures the top quality of the companies offered and the work carried out, with an emphasis on strict compliance with security requirements.
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