Hungarian investor acquires majority stake in Aero Vodochody
HSC Aerojet’s acquisition of 100 percent of Aero Vodochody, which includes the Vodochody airport, was based on a contract signed in July.
With the change in ownership, Vodochody head Dieter John has been replaced by Viktor Sotona, the chief executive of Omnipol group member ERA, which makes surveillance and reconnaissance technology.
“Aero will continue to develop all three pillars of its business: development and production of its own aircraft, repair and maintenance of aircraft, and the aerostructures programme,” Sotona said.
The Penta Group bought Aero Vodochody when it was privatised in 2007.