In the course of today's session of the Board of Directors of
HRADF, Turboshaft FZE was declared as preferred bidder in the
tender for the sale of two Airbus Aircraft A340-300 with an
offer of USD 4.2 million.
On June 7, 2016 the opening of the two financial offers by
(a) Magellan Aviation Services Limited and (b) Turboshaft FZE
took place before HRADF's BoD. HRADF's Board of Directors
decided to reconvene in order to allow for the review of the
bids and nominate the Preferred Bidder.
Turboshaft submitted the highest financial offer and was
declared as preferred bidder, in accordance with the terms of
the Request for Proposal.
The conclusion of the transaction is conditional upon the
preventive audit by the Court of Auditors.