Government signs contract with GE for aviation engines plant

The Czech government has signed an investment contract with the US company General Electric for a plant to develop, test and produce turboprop aircraft engines. The centre is expected to create around 500 jobs. The Czech News Agency said the deal was worth at least CZK 1.35 billion, considerably less than the CZK 9.5 billion previously reported. Prime Minister Bohuslav Sobotka tweeted in connection with the contract that “cheap assembly was not the future!” for the Czech Republic.