Aero Vodochody Aerospace will almost double their revenues up to CZK5-6 billion (€200-240 million) this year in comparison to 2019, the company announced this morning. The growth will be strongly driven by new MRO businesses, especially ramp up on the A220 programme and start of industrialization of L-39NG new jet trainer and light attack aircraft. “During the last year, Aero signed several contracts with current L-39 Albatros operators for general overhauls and modernizations, the majority with the support of its strategic partner OMNIPOL,” the company explained. “Currently, Aero has an unique order backlog on MRO of 35 aircraft from our customers in Middle Asia and Africa on L-39s, and from Czech Air Force on L-159s.”
Dieter John, President and CEO of Aero Vodochody Aerospace said at this occasion: “Based on signed contracts, our MRO and upgrade business will double this year and will generate more than CZK2 billion revenues, almost €80 million. In our aerostructures business, we are ramping up too, mainly driven by a 50% increase of production of fixed leading edge for Airbus A220 to 73 aircraft shipsets. Our budget 2020, agreed with our shareholder, plans Aero returning to black numbers this year.”
Early 2019, Aero has launched its mid-term transformation project Aero Fit For Future (A3F) which does optimize Aero´s operations and supply chain, increase the company´s efficiency and prepares it for strong growth. Part of it has been the streamlining of the workforce and the right sizing of the cost base. Aero released about 250 employees across all functions in 2019, which finished in May last year. Aero is now recruiting new employees for some specific key aviation profession. In last three months, the company recruited 30 new employees and currently it has more than 50 open positions.