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Another victim of Polish aerospace shakeout

Polish glider producer goes into bankruptcy

Published: 5/19/1999

According to reports from the Polish news agency PAP, the PZL [State Aviation Plant] Bielsko glider plant at Bielsko-Biala, Slask province in southern Poland, has been declared bankrupt. Already heavily in debt, the company"s financial situation deteriorated further following the withdrawal of Austrian company Diamond Aircraft Industries from partnership talks. PZL Bielsko employs 290 people in three plants based in Bielsko-Biala, Jezow Sudecki and Wroclaw.

Article ID: 517

 

 

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