Aero Vodochody has taken the first step towards privatisation by issuing a tender offer to potential strategic partners, offering the chance to take a stake of up to 34% in the Czech jet-trainer maker (Flight International, 15-21 January). Bids must be in by 24 February and the result will be announced by the end of May. Bidders, understood to include Western firms, will have to deposit CKr10 million ($360,000) as proof of serious interest.
Source: Flight International