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Aero buys part of Letov, but its future is uncertain

Published: 12/12/1997

Aero Vodochody has purchased 42.5% of the bankrupt Letov Company to ensure production of the rear fuselage of the L-159 ALCA project. However, the future is still unclear. Letov declared bankruptcy in early-September after the company's debts passed US$31m. Prior to this the company was restructured into five more specialised companies.(IN1297.10) (MM)

Article ID: 103

 

 

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