The future of this Williams-Rolls FJ44-1A-powered evolution of the former Promavia Jet Squalus is murkier following the closure of Alberta Aerospace, the Canadian company that was attempting to certify the single-engine, two-seat SigmaJet and four-set MagnaJet.
Czech bankruptcy administrator Zlatava Davidova has awarded the assets of bankrupt Let Kunovice to Czech lightplane manufacturer Moravan Otrokovice, ostensibly ending a complicated tender process for the sale of the former Ayres Corp. subsidiary. Moravan, which plans to retain the Let name, expects to continue production of the 19-seat Let L-410 and its Westernized sibling, the L-420, as well as to pursue a number of new projects.
A bankruptcy court judge in the Czech Republic last month granted bankruptcy petitions filed by several creditors against Moravan Airplanes and Libor Soska, CEO of LZ Aircraft Works, the company formed by the merger of Moravan and Let Kunovice. The judge then declared Soska involuntarily bankrupt.
A pair of investors in LZ Aeronautical Industries, the division of Moravan Aeroplanes now in control of Let L-410 turboprop production in Kunovice, Czech Republic, have threatened to launch international arbitration proceedings against the country if its courts fail to pursue criminal and civil charges against Morovan chairman Libor Soska.
After announcing plans to lay off up to 350 employees starting March 1, Moravan Aeroplanes’ LZ Aeronautical Industries division continues to champion the long-foundering Let L-610G as a viable program, despite the uneventful passing of the Czech company’s own year-end 2002 funding deadline. Meanwhile, Dr.
A Czech regional court in Brno has declared Let Kunovice and Ayres Corp. successor Letecke Zavody (LZ) Aeronautical Industries bankrupt, once again leaving hundreds of 19-seat Let L-410 turboprops without a factory support structure.
Arising out of Moravan Aeroplanes’ purchase of the assets of bankrupt Let Kunovice in August is a new corporate entity called “Letecke Zavody,” or “LZ Aircraft Works” in English. According to CEO Libor Soska, “The creation of LZ Aircraft Works represents the first meaningful step since the early 1990s to reinvigorate the Czech aerospace industry.”
The Czech government has pledged $13.5 million over three years to a consortium of 16 companies to build and market a nine- to 14-seat twin turboprop dubbed the EV-55. Organized by the Czech Aviation Manufacturers’ Association and led by Kunovice-based Evektor, the program would awaken a virtually inactive Czech civil aerospace industry and help regain some of the status it enjoyed during the peak of Let 410 and Zlin glider production.