Prague Airport, in collaboration with EY Transaction Advisory, has commenced the process of seeking a strategic partner for its subsidiary, Czech Airlines Technics (CSAT). The primary objective is to enhance CSAT's competitiveness and ensure its appeal to customers.
“The initial step involves reaching out to potential partners who operate in the aviation repair and maintenance sector. Subsequent rounds of negotiations will follow, narrowing down the selection and identifying the most suitable partner. Our aim is to conclude the process in the first half of next year, while closely cooperating with our sole shareholder,” said Jiří Pos, Chairman of the Prague Airport Board of Directors. He added, “The evaluation of offers received will prioritise fostering an optimal partnership, assessing future synergies with Prague Airport, and outlining development activities.”
Established on August 1, 2010, as a subsidiary of Czech Airlines, Czech Airlines Technics became a wholly owned subsidiary of Český Aeroholding, a.s. in April 2012. Following a national merger by acquisition in October 2018, Prague Airport became the sole shareholder. With nearly a century of experience in hangar maintenance for various manufacturers' jet aircraft and aircraft equipment, Czech Airlines Technics, formerly the technical department of the Czech national carrier, boasts a team of over 600 skilled technicians, engineers, and administrative staff. The company is committed to delivering high-quality services and work while strictly adhering to safety standards.
