FL Technics will add more base maintenance capacity to its network after agreeing on a deal to acquire Czech maintenance provider Job Air Technic.
The projected acquisition includes a 180,000 ft.2 facility at Leoš Janáček Airport in Ostrava, located in the northeast region of the Czech Republic and the third-largest city in the country. FL Technics said that the acquisition will secure “access to significant maintenance capacity at a prime location in Central Europe.”
The deal is subject to the fulfillment of agreed closing conditions including statutory approvals. A purchase price for Job Air Technic was not disclosed by either party.
Job Air has operated since 1993 and was previously part of the Czechoslovak Group, a Czech industrial and technology group active in development, manufacturing, and trading.
The company employs in excess of 400 people and operates two hangars comprising eight maintenance bays that can accommodate both narrowbody and widebody aircraft. Its aircraft capability list includes Airbus A320ceo and neo aircraft, A220s, Boeing 737NGs and MAX aircraft.
The company also operates a Part 147 maintenance training center. Its additional shop capabilities include avionics, structural repairs, composite work, emergency equipment servicing, non-destructive testing and interior refurbishment.
Job Air’s regulatory approval list includes EASA, FAA, Transport Canada, Bermuda CAA certification, among others.
FL Technics operates five heavy maintenance hangars worldwide including Prestwick International Airport in Scotland, Bali and Jakarta in Indonesia, and Kaunas and Vilnius in its Lithuania homebase. The company is due to open a heavy maintenance hangar at Punta Cana International Airport in the Dominican Republic in October this year.
“Job Air adds significant capacity to our group network and services portfolio,” FL Technics CEO Zilvinas Lapinskas. “It enables us to immediately serve our clients with eight fully operational aircraft maintenance bays, eliminating a few years typically required for construction and certification. This acquisition also introduces us to an established client roster, while the strategic geographical location enables coverage of all Europe, North Africa, and Turkey within a three-four-hour flight radius.”
Avia Solutions Group, the parent company of Lithuania-headquartered FL Technics, already has a presence at the airport in Ostrava through its subsidiary company Baltic Ground Services, a provider of aircraft fueling services. The group has been increasing its aviation assets over the past few years, having acquired UK-based airline Ascend Airways, Slovakian carrier AirExplore and Australian-based airline Skytrans.
FL Technics has previously outlined the need for more capacity as it targets significant growth and said it would do this by expanding and building new hangars across its global network. By 2030, the MRO business is targeting €1 billion ($1.2 billion) in turnover, more than doubling its projected turnover of around €400 million in 2024.
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