|Bernie Condon (flickr)|
Aero Vodochody anticipates doubling of revenues in 2020 | Jane's 360
Beth Stevenson, London - Jane's Defence Industry
22 January 2020
Aero Vodochody expects a near doubling of its revenues year-on-year in 2020, attributable in part to backlog orders for maintenance, repair, and overhaul (MRO) of military aircraft including the L-39 Albatros jet trainer.
The Czech aerospace company has what it describes as a “unique order backlog” for MRO services of the legacy L-39 for 35 aircraft in Asia and Africa, as well as maintenance work for the Czech air force’s L-159 light attack/advanced trainer fleet.
To this end, revenues are set to increase during 2020 as these contracts come to fruition, which the company expects to total approximately CZK5–6 billion (USD220–265 million).