Linetech to expand Adria Tehnika

Monday, November 30, 2015


Poland's Linetech Holding, which last Tuesday bought a 100% stake in aircraft maintenance firm Adria Airways Tehnika (AAT), says it will expand the company. Krzysztof Pietkun, the Chairman of Linatech's Supervisory Board, says, “We are proud to announce our acquisition of AAT. Subsequently, we aim to grow and develop AAT by investing in people, new technologies and equipment. Thanks to this merger, our field of capabilities will become wider, enhancing support opportunities for the most popular aircraft types such as Boeing, Airbus, Bombardier, Embraer and ATR. Linetech intends to increase employment and expand training programs for new personnel. The group will have in total six heavy maintenance hangars which allows us to concurrently service thirteen different aircraft of code C classification”. Concerning profits, Chairman Piotr Kaczor says it could be tripled in five years. In 2013 the company recorded a 941.353 euro net profit, but it dropped to below 30.000 last year. "We cover all of Europe, and a part of North Africa. By acquiring Adria Tehnika, we have become more flexible to customers. If a customer has twenty aircraft, it can send some of them to Slovenia and some to Poland", Mr Kaczor says.

Linetech Holding signed a deal to buy AAT from the Slovenian Sovereign Holding and fellow shareholder Ljubljana Airport. The 100% stake in the company was unofficially sold for around five million euros, some two million euros of which came in purchase money and the rest in the form of a loan repayment to the two former shareholders.

Comments

  1. Anonymous20:56

    znaci otisli po ceni hangara, neverovatno sta rade balkanski banditi.

    ReplyDelete

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