Boeing and Czech Airlines (CSA) have completed negotiations with the Czech Government on their takeover of a substantial minority of Czech jet trainer producer Aero Vodochody.

"We are confident that we have an agreement that satisfies both sides," says Boeing Enterprises president Larry Clarkson, following negotiations with the ministries of finance, defence and industry and trade. The terms of the agreement will now be submitted for final Government approval.

The partners have been locked in negotiations since last May, when the Prague Government selected the former Boeing/McDonnell Douglas/CSA consortium as a strategic partner for Aero.

Boeing and CSA formed a joint venture in November to acquire 34-40% of the Czech company.

Aero already supplies door skins for the Boeing 757. The US company is proposing its F/A-18 to meet Czech, Polish and Hungarian fighter requirements, with the possibility of local production.

Source: Flight International