“Avioane Craiova, the same as Aero Vodochody, should undergo a competitive restructuring process, focused on the improved efficiency and the improved technological capacities”, Hulak stressed.
Avioane Craiova SA was set up in 1972. It is the only producer of defence aircraft in the Romanian aviation industry and of training plane IAR 99 Hawk compatible with the NATO standards.
AVAS registered three offers for the acquisition of 741,339 shares accounting for 80.9778% of Avioane Craiova’s share capital. The companies interested in the privatisation of the company were Alenia Aeronautica S.A. Italy, INAV S.A. Bucharest and Aero Vodochody.