Serbia's government has invited investors to submit offers for the planned privatisation of maintenance provider Jat Tehnika.

The ministry of the economy says that it intends to sell the 99.4% shareholding held by the government and several state funds, and has set a starting price of €20.5 million ($23.3 million).

Offers are to be submitted by 31 July.

To be eligible for participation in the tender process, prospective investors must have conducted MRO operations as a "major activity" of their business for at least five years, says the ministry.

Additionally, candidates must be certificated for base maintenance of Bombardier and Embraer aircraft and for line maintenance of Airbus A320-family models, Boeing 737s and ATR turboprops, including "basic" approvals for A320neos and 737 Max jets.

JAT Tehnika ATR MRO Belgrade

Jat Tehnika

Jat Tehnika specialises in base maintenance for 737NG/Classics, A320ceos and ATRs, its website indicates.

Having previously been the technical division of former Serbian carrier Jat Airways, the MRO provider was spun out as a standalone business in 2006.

Jat Airways rebranded as Air Serbia in 2013, when Etihad Airways acquired a 49% shareholding.

Source: Cirium Dashboard