Thursday, May 14, 2009

SR Technics confirms asset break up

Unions at SR Technics in Dublin airport were to meet today after the Swiss parent company confirmed that 'a preferred bidder' had been chosen for the APU and landing gear overhaul business.  The decision to break up the business is understood to have been taken after SRT failed to receive a significant bid for the Dublin business in it's entirety. Talks are believed to have begun with interested parties for the base maintenance business at Dublin but the 'cash cows' at SRT Dublin were the APU and landing gear overhaul business units. 
The 'Irish Times' reported today that a deadline of May 22 had been set for base maintenance and May 27 for line maintenance bids.
The Tanaiste (Deputy Prime Minister) Mary Coughlan said that she was extremely disappointed with the development but said that her department would work with the IDA, DAA and Enterprise Ireland to maximise employment potential at SRT's Dublin facility.

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