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-Unmanned w/AUVSI

Airborne On ANN

AMA 08.17.17

Airborne 08.21.17

Airborne 08.22.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.22.17

Airborne-YouTube

AMA 08.17.17

Airborne 08.21.17

Airborne 08.22.17

Airborne 08.16.17

Airborne 08.17.17

Airborne 08.18.17

Airborne-Unmanned 08.22.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

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

ANN's Daily Aero-Term (08.20.17): Maximum Authorized Altitude

Maximum Authorized Altitude A published altitude representing the maximum usable altitude or flight level for an airspace structure or route segment. It is the highest altitude on >[...]

Airborne-Unmanned 08.15.17: Reno Drone Races, DoD CrackDown, Blue Angels v UAV?

Also: Kansas DOT-AirMap, CIRRUAS Drone Program, Daytona Beach PD UAS, Virginia UAS SAR The Reno Air Racing Association has signed an agreement with the MultiGP Drone Racing League >[...]

AMA Drone Report 08.17.17: MULTI-GP Int'l Open, Drone v Chicago, Reno Drone Race

Also: Yuneec Extended Service Plan, UAV on A/C Carrier, Blue Angels Incident, Drone Operator Safety Act MultiGP’s 2017 MultiGP International Open, conducted on the grounds of>[...]

ANN's Daily Aero-Linx (08.21.17)

Aero Linx: Women Military Aviators, Inc. The organization called the Women Military Aviators, Inc. was formed by two groups of women pilots separated by 39 years of history. The fi>[...]

Airborne 08.18.17: NBAA v KSMO, Sully Attacked, DB Cooper Update

Also: New NASA Admin?, Anti-Aviation Hypocrites, Airberlin, Sky Hopper, Drone v Carrier, Jet Aviation, Airman Retires The NBAA joined five other stakeholders to file a brief with t>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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