Lufthansa Technik is in early stage talks with Cloud Investment Partners about a possible takeover of its Dublin air maintenance plant, according to a report in The Irish Times.
The exploratory talks with the aviation investment specialist come at a key time for the 400 employees of the Lufthansa Technik Airmotive plant at Rathcoole in south Dublin which is threatened with closure.
The report said that Lufthansa Technik is though to be laying the groundwork for a closure next year if a buyer cannot be found.
The newspaper quotes Irishman Declan Treacy, one of the founding partners of Cloud Investment, as saying: “We would be interested.”
He was also quoted as saying Cloud was close to signing a non-disclosure agreement which would allow them to view the plant’s figures and to decide whether to proceed or not.
(Airwise)