Aero Vodochody to export the production of Avioane Craiova

Also, the company expects to increase Avioane Craiova’s production capacity.

Studnickova said the takeover contract will be signed next week. Restructuring Avioane Craiova will include cutting jobs, but it is too early to make an estimate as to how many employees will be made redundant, Studnickova added. Aero Vodochody won the bid for Avioane Craiova with an offer worth €16.3 million, and is also competing for the privatization of IAR Ghimbav.