With the assistance of EY Transaction Advisory, Prague Airport, a joint stock company, has initiated the search for a strategic partner for its subsidiary, Czech Airlines Technics (CSAT). The primary objective is to increase the CSAT company’s competitiveness and ensure its appeal to consumers.
“The procedure will begin by contacting potential collaborators who are active in the field of aviation repair and maintenance. Following a number of stages of negotiations, the most suitable partner will be chosen. We plan to conclude the process in the first half of next year, in close cooperation with our sole shareholder, said Ji Pos, Chairman of the Prague Airport Board of Directors, adding: “Fostering the optimal form of partnership, the degree of future synergies with Prague Airport, and the plan for development activities will be essential components of the evaluation of the offers received.”
Czech Airlines Technics was founded as a subsidiary of Czech Airlines on 1 August 2010. Since April 2012, the company’s solitary shareholder has been esk Aeroholding, a.s., and since October 2018, due to a national merger by acquisition, its sole shareholder has been Prague Airport, a public limited company. Czech Airlines Technics, the former technical department of the national airline of the Czech Republic, has nearly a century of history and expertise with hangar maintenance of aircraft, particularly with the maintenance of jet aircraft from various manufacturers and aircraft equipment. The company employs over 600 qualified technicians, engineers, and administrative personnel and guarantees the high quality of services and work conducted, with an emphasis on strict adherence to safety standards.
Source: traveldailymedia