Aircraft Industries to buy bankrupt Letecke zavody Kunovice

The bankrupt aircraft producer Letecke zavody Kunovice will be acquired by Czech company Aircraft Industries, creditors of Letecke decided on Monday. Aircraft Industries was the sole bidder which advanced to the second round of a tender for Letecke zavody. The receiver did not disclose the price. In its bid, Aircraft Industries said its ambition was to secure long-term dominant position for Letecke in the production, repair, modernisation and provision of comprehensive logistics services for the aircraft L 410/L 420 and gliders, as well as for further promising programmes of the Czech aircraft industry.