ADAT bids for aircraft assets

Abu Dhabi Aircraft Technologies (ADAT), the government-linked airline maintenance firm, is bidding for assets in Dublin owned by SR Technics, a maintenance provider partly owned by Mubadala Development, which is closing its Irish operations.

The auxiliary power unit (APU) and landing gear operations that ADAT is after are reported to be worth about €10 million (Dh51.2m) and were put up for sale after SR Technics said in February it was closing the plant, where it employed 1,135 people.

SR Technics, which has its headquarters at Zurich Airport in Switzerland, lost business when Aer Lingus and Gulf Air decided to discontinue servicing their aircraft at the Dublin base. Gulf Air’s decision came as it negotiated a slew of contracts to try to trim its operations and break even next year.