Serbia shelves Jat Tehnika sale
NEWS FLASH
The Serbian government has temporarily cancelled plans to sell the state-owned maintenance firm Jat Tehnika. Last month, the Ministry for Economy offered a 99.4% stake in the company at a starting price of 10.3 million euros with October 4 set as the deadline for binding bids. However, the ministry has since withdrawn the call and cancelled the sale due to “certain issues concerning the privatisation (of the company) that needed to be addressed”. Jat Tehnika was formed in 2006 after it was spun off from Jat Airways. It employs around 1.000 people. The company is predominately responsible for the maintenance and upkeep of Air Serbia’s fleet. It is certified to provide full maintenance for the Boeing 737 Classic and Boeing 737NG, ATR 42 and 72 aircraft and all Airbus A320 types. A previous attempt to sell the firm in July failed when it attracted no bidders.
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