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The publish Prague Airport seeks Czech Airlines Technics strategic partner appeared first on TD (Travel Daily Media) Travel Daily.
Working with EY Transaction Advisory, Prague Airport, a joint inventory firm, has began the method of searching for a strategic partner for its subsidiary of Czech Airlines Technics, a joint inventory firm (CSAT). The main aim is to extend the competitiveness of the CSAT firm and guarantee its attractiveness for patrons.
“The process will start with reaching out to potential partners who are also active in the field of aviation repair and maintenance. Several rounds of negotiations will follow, narrowing down the number of potential partners and selecting the most suitable one. We plan to have the process, while closely cooperating with our sole shareholder, concluded in the first half of next year,” Jiří Pos, Chairman of the Prague Airport Board of Directors, acknowledged, including: “Fostering the optimal form of partnership, the degree of future synergies with Prague Airport, and the plan of development activities will be an essential part of the evaluation of the offers received.”
Czech Airlines Technics was established on 1 August 2010 as a subsidiary of Czech Airlines. In April 2012, the corporate’s sole shareholder turned 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 Airlines Technics, the previous technical division of the Czech nationwide service, has virtually 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 firm employs over 600 certified technicians, engineers, and administrative workers and ensures the top quality of the providers offered and the work carried out, with an emphasis on strict compliance with security requirements.
The publish Prague Airport seeks Czech Airlines Technics strategic partner appeared first on Travel Daily.
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