Penta has sold Aero Vodochody including Letiště Vodochody airport

Date 30.9.2021

September 30, 2021, Prague: The largest aircraft manufacturer in the Czech Republic has changed owners after 15 years. In June of this year, Penta Investments signed a sale & purchase agreement with the Hungarian company HSC Aerojet Zrt. Along with Aero Vodochody, Penta also sold Letiště Vodochody, a.s. airport.

“The development and preparation for the serial production of the L-39NG aircraft, which to date consumed investments in excess of CZK 3 billion, was fundamental for the future development of Aero. The aircraft’s certification became the trigger for our exit from Aero. We want to focus our effort on the key strategic companies in our portfolio going forward,” said Penta’s partner Marek Dospiva.

 

The new owners will control Aero through Vodochody Holdings HU, which is 100% owned by HSC Aerojet Zrt. Aero will continue developing all three pillars of its business, i.e. the production and development of its own aircraft, maintenance, repair & overhauls (MRO), and the aerostructures programmes. With the change of ownership, the Company’s management is also being changed. Viktor Sotona, the current CEO of the Pardubice company ERA, will become the president & chief executive officer. Under his leadership, ERA significantly strengthened its market position and doubled the number of its employees.

 

In 2006, Penta won Aero Vodochody in a privatization competition for almost CZK 3 billion. The company, which at that time had a loss of CZK 1 billion, underwent a significant restructuring and returned to an operating profit within a year. Over the next ten years, Aero successfully developed civil programs for international aircraft manufacturers, in particular for Boeing, Bombardier, Sikorski Aircraft Corporation and Embraer. In 2014, Penta decided to return to the production of its own aircraft. Omnipol, a.s., started the development and subsequent preparation for serial production of the L-39NG aircraft. Since 2016, the company has fallen into the red, mainly due to the loss of the Sikorski programme and heavy investments into the development of the new aircraft. The L-39NG was successfully certified in September 2020. Penta’s strategy also included the development of Vodochody Airport for low-cost civil transportation, but the new owner has announced that it is withdrawing from this plan. The airport will thus continue to serve only the needs of Aero Vodochody, or the Czech army with whom Aero has a signed contract on the possible use of the airport until 2026.

 

Stay up to date

with the latest news from Aerospace!

Your email address will only ever be used for Newsletters campaings with the legal agreement of your Privacy Policy. You can change your email preferences or unsubscribe in every email if you no longer wish to receive emails from us.


TOP Interviews

Catalyst =  20% lower consumption & 10% higher power for Eurodrone

Catalyst = 20% lower consumption & 10% higher power for Eurodrone

Date 30.3.2022

fl_en|fl_cs

Catalyst – 100% European development without any US licenses. Ecologically more effective thanks to 20% lower consumption and 10% higher power. This means three more hours of time in the air,  which can be decisive in various defense actions and even save lives.     Within a few weeks, Airbus Defense and Space will have […]

TUNGSRAM: innovation is in our bloodstream

TUNGSRAM: innovation is in our bloodstream

Date 6.4.2022

fl_en|fl_cs

Tungsram – an iconic name – returned to the global market in 2018 as an innovative, premium European brand with the acquisition of GE Lighting’s Europe, Middle East, Africa, and Turkey general lighting business along with the global automotive operation. Tungsram, originally established in 1896, is a brainchild of the 2nd industrial revolution – resulting […]

Our sea is in the (Virtual) air

Our sea is in the (Virtual) air

Date 8.9.2021

fl_en|fl_cs

The Path of a Czech Virtual Reality Headset into the Latest Western Fighter   Military pilots are no longer the movie hot shots seen in Top Gun or similar Hollywood blockbusters. Today, cadet pilots don’t just learn to fly but work as an operator within a network-like architecture of multiple aerial and ground elements including JTACs. […]

Another great accomplishment of the Grob G 120TP

Another great accomplishment of the Grob G 120TP

Date 16.3.2021

fl_en|fl_cs

The German Armed Forces have chosen the aircraft G 120TP to train its air force pilots at the Phoenix-Goodyear airport, Arizona. This adds one more air force in the world operating this modern trainer already and just another triumph to the company’s success story.   With more than 150 aircraft delivered to their customers already and […]

Show more

Stay up to date

with the latest news from Aerospace!

Your email address will only ever be used for Newsletters campaings with the legal agreement of your Privacy Policy. You can change your email preferences or unsubscribe in every email if you no longer wish to receive emails from us.

More news

Saab and FMV Sign Contract for new Gripen Launch System

Saab and FMV Sign Contract for new Gripen Launch System

Date 3.5.2022

fl_en|fl_cs

Saab has received an order from the Swedish Defence Materiel Administration (FMV) for the development and integration of a new launch system for Gripen C/D and Gripen E. The order, valued at approximately SEK 400 million, was placed during the first quarter. The order includes the development and integration of a new launch system for […]

EVEKTOR REVEALS SPORTSTAR RTC WITH ROTAX 912iSc  & NEW HIGH-TECH COCKPIT AT AERO 2022 

EVEKTOR REVEALS SPORTSTAR RTC WITH ROTAX 912iSc  & NEW HIGH-TECH COCKPIT AT AERO 2022 

Date 28.4.2022

fl_en|fl_cs

The first day of Aero Friedrichshafen 2022 was opened yesterday. During Evektor´s Grand Opening Ceremony the company CEO Mr. Martin Kárník introduced a new facelift of EASA certified SportStar RTC aircraft and further direction of innovations & Evektor aircraft development.   The exhibited SportStar RTC is newly equipped with a Rotax 912iSc Fuel Injected engine providing […]

The company Aircraft Industries – LET Kunovice passes into the hands of the Czech Group OMNIPOL

The company Aircraft Industries – LET Kunovice passes into the hands of the Czech Group OMNIPOL

Date 27.4.2022

fl_en|fl_cs

The largest manufacturer of civilian transport aircraft in the Czech Republic, Aircraft Industries, is returning to Czech ownership after 14 years. On April 21st, 2022, the Russian owner and the OMNIPOL Group agreed to sell 100% of Aircraft Industries shares to the Czech company OMPO Holding. Intensive cooperation between the OMNIPOL Group and Aircraft Industries […]

Aero will deliver twelve brand new L-39NG jet trainer aircraft to the Hungarian Defence Forces Command

Aero will deliver twelve brand new L-39NG jet trainer aircraft to the Hungarian Defence Forces Command

Date 21.4.2022

fl_en|fl_cs

AERO Vodochody AEROSPACE a.s. (Aero) has signed a contract for  the delivery of twelve L-39NG jet trainer aircraft and related support services with the  Hungarian Defence Forces Command. The first aircraft will be delivered to the  customer in 2024.  The Czech manufacturer will deliver a total of twelve aircraft, with eight aircraft delivered in  the […]

Catalyst =  20% lower consumption & 10% higher power for Eurodrone

Catalyst = 20% lower consumption & 10% higher power for Eurodrone

Date 30.3.2022

fl_en|fl_cs

Catalyst – 100% European development without any US licenses. Ecologically more effective thanks to 20% lower consumption and 10% higher power. This means three more hours of time in the air,  which can be decisive in various defense actions and even save lives.     Within a few weeks, Airbus Defense and Space will have […]

US military plane Osprey down in Norway during NATO exercise

US military plane Osprey down in Norway during NATO exercise

Date 19.3.2022

fl_en|fl_cs

A US military aircraft with four crew on board is thought to have crashed in Norway while taking part in NATO exercises, Norwegian emergency services said on Friday. The US Osprey aircraft “was reported missing at 18:26 (17:26 GMT) south of Bodo” in northern Norway in bad weather, the regional emergency services said in a […]

Show more
Subscribe to our magazineRegister now