Aero Vodochody Trims Workforce | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.24.17

Wed, Feb 25, 2004

Aero Vodochody Trims Workforce

Czech Aircraft Maker to Lay Off 400   

Czech aircraft manufacturer Aero Vodochody will lay off 400 people from its work force of 2,000 by May due to lack of contracts, officials said Monday. Vaclav Srba, the Czech deputy minister of industry and trade, said the layoff plans was due to low sales of the company's subsonic L-159 trainer jets.

State-controlled Aero has been in trouble since the fall of the communist regime in the region and the loss of lucrative markets in the former East Bloc. Attempting to save the company, the government sold a 35.9 percent minority to The Boeing Co. in 1998 in hopes of tapping new markets. But Aero lost a $1.3 billion deal to supply L-159 jet trainers to India last September, and Czech officials decided to cut their ties with the U.S. airplane manufacturer.

Srba, who also serves as vice chairman of the board at Aero, said the layoffs are part of a strategic plan and not linked to Boeing's departure. He said Aero needs time to develop new products. A new line of AE-270 small passenger planes for 8-12 people is being prepared for certification both in the Czech Republic and the United States, he said.

"If that certification is successful, we will restructure the company accordingly and then possibly look for a new strategic partner," Srba said.

FMI: www.aero.cz

Advertisement

More News

Airborne 02.24.17: RV-10 Suit Dismissed, 2016 GA Sales, Red Tail Legacy

Also: Falcon 9 Landing, TFR Busts, Denton Airshow, QF-16, Treasure Coast, 'Fly Safe' Campaign, Juno Mission When the news first came out, in 2015, that Van's Aircraft was sued for >[...]

Aero-TV: 'I Feel I Can Fly' - PLW Modelworks's Birdly IITSEC 2016 FlightSim Demo

A Truly Unique Flying Experience… Most of us have dreamed of being able to fly like a bird. And while that’s not an option for most of us, unless you’re interest>[...]

Airborne 02.23.17: Sonaca 200, Yuneec H920 Plus, SpaceX Delays Mars Mission

Also: NextGen Blimps, AEA/HAI Coverage, L-39 Suit, Drone User Group, Red Arrows Pilot Inquest, 2nd T-50A, Steve Fossett Honored Sonaca Aircraft is getting ready to start certificat>[...]

Airborne 02.24.17: RV-10 Suit Dismissed, 2016 GA Sales, Red Tail Legacy

Also: Falcon 9 Landing, TFR Busts, Denton Airshow, QF-16, Treasure Coast, 'Fly Safe' Campaign, Juno Mission When the news first came out, in 2015, that Van's Aircraft was sued for >[...]

AD: The Boeing Company Airplanes

AD NUMBER: 2017-04-07 PRODUCT: Certain The Boeing Company Model 757 airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC