Monday, November 16, 2015
Mubadala, the Abu Dhabi-based investment and development company, and Etihad Airways are exploring the feasibility of the establishment of a narrow body Maintenance, Repair, and Overhaul (MRO) facility in Eastern Europe, with discussions already progressing with concerned parties. The move is seen as a possible introduction to Mubadala’s takeover of Serbia’s state-run maintenance company Jat Tehnika. The two companies from the United Arab Emirates signed a Memorandum of Understanding (MoU) that will allow them to build on their long-term strategic partnership by further exploring areas of cooperation. Under the terms of the MoU, Etihad Airways will appoint Mubadala’s Swiss-based SR Technics as its preferred service provider on commercially competitive terms. Earlier this year, SR Technics announced plans to downsize its operations in Zurich and open a base in Belgrade. The company recently began adveritisng job openings in the Serbian capital. Mubadala, which is owned by the government of Abu Dhabi, expressed interest in purchasing Jat Tehnika in November 2013. Mubadala and a group of investors from the UAE bought SR Technics in 2006 for 1.3 billion dollars. Last year, Etihad Airways' President and CEO, James Hogan, told EX-YU Aviation News the company is evaluating Jat Tehnika.
Mubadala, the Abu Dhabi-based investment and development company, and Etihad Airways are exploring the feasibility of the establishment of a narrow body Maintenance, Repair, and Overhaul (MRO) facility in Eastern Europe, with discussions already progressing with concerned parties. The move is seen as a possible introduction to Mubadala’s takeover of Serbia’s state-run maintenance company Jat Tehnika. The two companies from the United Arab Emirates signed a Memorandum of Understanding (MoU) that will allow them to build on their long-term strategic partnership by further exploring areas of cooperation. Under the terms of the MoU, Etihad Airways will appoint Mubadala’s Swiss-based SR Technics as its preferred service provider on commercially competitive terms. Earlier this year, SR Technics announced plans to downsize its operations in Zurich and open a base in Belgrade. The company recently began adveritisng job openings in the Serbian capital. Mubadala, which is owned by the government of Abu Dhabi, expressed interest in purchasing Jat Tehnika in November 2013. Mubadala and a group of investors from the UAE bought SR Technics in 2006 for 1.3 billion dollars. Last year, Etihad Airways' President and CEO, James Hogan, told EX-YU Aviation News the company is evaluating Jat Tehnika.
This would bring a lot of jobs and tax income to Serbia.
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