Aero Vodochody has rolled out the next-generation version of its legendary Albatros jet trainer, the company’s first new design in more than 20 years. The L-39NG, unveiled just outside Prague on Oct. 12, represents a significant gamble for the Czech aerospace company and its Italian-led management team that has worked hard to preserve its capability to design and develop jet trainers, retaining those skills by remaining a supplier to programs on which it has a risk share. These ...

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