Business News


Aircraft Maintenance Firm for Sale

Ljubljana, 07 January (STA) - Adria Airways Tehnika, the biggest aircraft maintenance company in Slovenia, has been put up for sale as part of the privatisation of state-owned companies. Investors interested in buying the entire 100% stake are invited to submit offers.

Adria Airways Tehnika is being sold by Airport Operator Aerodrom Ljubljana and the state-owned fund PDP, which became sole owners of the firm as part of a 2010 restructuring of carrier Adria Airways.

Aerodrom chairman Zmago Skobir told the STA at the end of December that the process should be wrapped up in spring.

There have been several attempts to sell the firm over the recent years, but Skobir said interest should be higher now that the company is no longer crucially dependent on Adria Airways, which accounts for only 30% of revenue.

He suggested the sellers would seek a "strategic owner who will develop the company."

Adria Airways Tehnika's financials for 2013 have not been disclosed yet, but executive director Maks Pele told the press in November sales were projected to total EUR 20m and net profit between EUR 600,000 and EUR 900,000.

The company is one of 15 on the government's priority list for privatisation.

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