Aero Vodochody to pay $28M in late delivery penalties

PRAGUE, Czech Republic - Czech aircraft producer Aero Vodochody is to pay the Czech ministry of defense almost $28 million in penalties for the late delivery of L-159 fighters to the Czech air force. Defense spokesman Ladislav Sticha told The DAILY March 22 that the fines were agreed upon after an...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.