Linetech to acquire Slovenian AA Technika

Slovenian sold state-owned aircraft maintenance firm, Adria Airways Tehnika (AA Tehnika) is to be sold to its Polish competitor, Linetech Holding,  Reuters reported citing state- investment fund Slovenian Sovereign Holding (SDH). SDH, which is in charge of coordination of privatisation in Slovenia, told Reuters that the sale of 100 percent of AA Tehnika is to be finalized this week. The value of the deal has not been disclosed. "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 pointed out the transaction would make Linetech one of the leading aircraft maintenance companies in Europe.