Slovenia Sells Adria Air Tehnika To Linetech

November 24, 2015

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Slovenia has sold state-owned aircraft maintenance company Adria Airways Tehnika (AA Tehnika) to Polish rival Linetech.

State-owned investment fund Slovenian Sovereign Holding, which is coordinating privatisation, said the sale of 100 percent of AA Tehnika is due to be completed this week but gave no details on the value of the deal.

"We aim to grow and develop Adria Airways Tehnika by investing in people, new technologies and equipment," head of Linetech Piotr Kaczor said in a statement.

He said the merger would make Linetech one of the leading aircraft maintenance companies in Europe, supporting aircraft built by Airbus, ATR, Boeing, Bombardier and Embraer.

(Reuters)