Serbia makes third attempt to sell Jat Tehnika
NEWS FLASH
Serbia’s Economy Ministry recently invited bids for maintenance company Jat Tehnika for a third time, after no offers were made in June, while September’s call was cancelled due to “certain issues”, which were not specified at the time. The Ministry said it was offering the state’s 99.38% stake in Jat Tehnika at a starting price of 10.3 million euros. The estimated value of the company’s capital is 20.5 million euros. Jat Tehnika was formed as a stand-alone company in 2006 after it separated from Jat Airways. It has a workforce of 1.000 people and is certified to provide full maintenance for the Boeing 737 Classic and Boeing 737NG, ATR 42 and 72 aircraft and all Airbus A320 types. Under terms of the tender, prospective bidders must apply by November 12 at 14.00 CET and prove they are compliant with a set of requirements, including involvement in aircraft maintenance for at least five years and revenues of at least forty million euros in 2018.
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