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CZECH LARGEST CIVILIAN AIRCRAFT PRODUCER BANKRUPT
PRAGUE, CZECH REPUBLIC, The Czech Republic's largest civilian aircraft producer, LET Kunovice, was declared bankrupt by a commercial court in Brno because of the claims of 1480 unpaid workers, a U.S. airline and the government bank Konsolidacni banka. A government bank announced that it plans to proceed as a creditor. LET built thousands of small aircraft since the 1930s. In later years LET built Soviet-designed...
AVIONEWS - World Aeronautical Press Agency