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 -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.23.25

Airborne-NextGen-06.24.25

AirborneUnlimited-06.25.25

Airborne-AffordableFlyers-06.26.25

AirborneUnlimited-06.27.25

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

NTSB Prelim: Piper PA-23

Pilot Also Reported That Due To A Fuel Leak, The Auxiliary Fuel Tanks Were Not Used On June 4, 2025, at 13:41 eastern daylight time, a Piper PA-23, N2109P, was substantially damage>[...]

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Classic Aero-TV: One Man’s Vietnam

From 2023 (YouTube Edition): Reflections on War’s Collective Lessons and Cyclical Nature The exigencies of war ought be colorblind. Inane social-constructs the likes of racis>[...]

ANN's Daily Aero-Linx (07.03.25)

Aero Linx: Colorado Pilots Association (CPA) Colorado Pilots Association was incorporated as a Colorado Nonprofit Corporation in 1972. It is a statewide organization with over 700 >[...]

ANN's Daily Aero-Term (07.03.25): High Speed Taxiway

High Speed Taxiway A long radius taxiway designed and provided with lighting or marking to define the path of aircraft, traveling at high speed (up to 60 knots), from the runway ce>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC