Aero Vodochody
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Aero Vodochody
Aero Vodochody (commonly referred to as Aero) is a Czech aircraft company. Its main production facilities are located at Vodochody Airport in the Prague-East District, on the municipal territories of Vodochody and Odolena Voda. During the Cold War era, the firm was well known for its range of jet-powered trainer aircraft, the L-29 Delfin and L-39 Albatros. It also developed derivatives of the L-39, the L-59 Super Albatros and the L-159 Alca military light combat jet. Aero Vodochody is believed to have handled the biggest aircraft industrial programme to take place across any of the Council for Mutual Economic Assistance (COMECON) countries except for the Soviet Union itself. Following the fall of the communist government in Czechoslovakia during 1989, Aero Vodochody experienced a disruptive period of business, having lost a major portion of the market for its jet trainers. Sales noticeably declined during the 1990s in Eastern Europe as well as in NATO countries as a resul ...
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Akciová Společnost
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Aero L-59 Super Albatros
The Aero L-59 Super Albatros is a military jet trainer produced by the Czechoslovakian aerospace manufacturer Aero Vodochody. It was developed from the firm's earlier and highly successful L-39 Albatros series. Being based on the L-39, it shares numerous similarities; in comparison to its predecessor, the L-59 featured a strengthened fuselage, longer nose, a vastly updated cockpit, advanced avionics, and a more powerful Lotarev DV-2 engine. First flown on 30 September 1986, it was procured by the Czech Air Force, Egyptian Air Force, and Tunisian Air Force; a total of 80 Super Albatros of three variants have been manufactured prior to the end of production. A further development would be produced as the Aero L-159 Alca, a Westernised attack-orientated model that shared its fuselage configuration with the L-59. In service, the L-59 has been largely used for training purposes. It has also been deployed in front-line light combat roles, such as to patrol the border between Libya ...
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Aero L-39NG
The Aero L-39NG ("Next Generation") is a turbofan-powered military trainer and light combat aircraft developed and produced by the Czech aircraft manufacturer Aero Vodochody. It is a successor of the Cold War era Aero L-39 Albatros. During July 2014, Aero Vodochody announced the launch of the L-39NG programme. By April 2015, the company revealed a partnership between itself, Draken International and Williams International to jointly work on the project - the latter provides its FJ44-4M turbofan engine for the aircraft, while Draken shall be responsible to the type on the North American market, as well as operate its own fleet. On 14 September 2015, the maiden flight of the L-39NG technology demonstrator (L-39CW) was performed. On 14 March 2018, type certification of the L-39CW was received. On 22 December 2018, the first L-39NG prototype conducted its first flight. In September 2020, the Czech defence ministry certificated the L39NG using supranational military standards. The ...
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Farnborough Airshow
The Farnborough Airshow, officially the Farnborough International Airshow, is a trade exhibition for the aerospace and defence industries, where civilian and military aircraft are demonstrated to potential customers and investors. Since its first show in 1948, Farnborough has seen the debut of many famous planes, including the Vickers VC10, Concorde, the Eurofighter, the Airbus A380, and the Lockheed Martin F-35 Lightning II. At the 1958 show, the RAF's Black Arrows executed a 22-plane formation loop, setting a world record. The international trade show is put together every two years by FIL Farnborough International Ltd. and runs for five days. Until 2020, the show ran for a full week with trade visitors attending on the first five days and the weekend reserved for the general public. Programming takes place at the Farnborough Airport, which lies roughly 50 kilometres south-west of London. Status The Farnborough International Airshow is the second-largest show of its kind afte ...
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Czech Koruna
The koruna, or crown, (sign: Kč; code: CZK, cs, koruna česká) has been the currency of the Czech Republic since 1993. The koruna is one of the European Union's 9 currencies, and the Czech Republic is legally bound to adopt the euro currency in the future. The official name in Czech is (plural , though the zero-grade genitive plural form is used on banknotes and coins of value 5 Kč or higher). The ISO 4217 code is CZK and the local acronym is Kč, which is placed after the numeric value (e.g., "50 Kč") or sometimes before it (as is seen on the 10-koruna coin). One crown is made up of 100 '' hellers'' (abbreviated as "h", official name in Czech: singular: , nominative plural: , genitive plural: – used with numbers higher or equal to 5 – e.g. ), but hellers have now been withdrawn from circulation, and the smallest unit of physical currency is 1 Kč. History In 1892, the Austro-Hungarian crown replaced the florin, at the rate of one florin to two crow ...
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Penta (investment Group)
Penta is a Central Europe investment group founded in 1994 in Slovakia by Czech Marek Dospiva and Slovaks Jaroslav Haščák, Juraj Herko, Martin Kúšik and Jozef Oravkin. Today, the group actively develops companies and projects, primarily in healthcare, financial services, retail, manufacturing, real estate and media. Having grown from a local to international company, Penta operates in more than ten markets across Europe, providing more than 37,000 jobs through investee companies. In financial year 2015 Penta achieved a consolidated net profit of EUR 200 mln and increased total portfolio assets to EUR 7 bln. The name Penta is a tribute to the original five founding partners, all schoolmates during their studies in Moscow and Czechoslovakia. Penta Investments group and its co-owner Jaroslav Haščák have been associated with the Gorilla scandal, a corruption affair that erupted in Slovakia in 2012. The company has been denying the allegations and interpreted the "Gorilla ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Boeing
The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware. Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while Harry Stonecipher, former CEO of McDonnell Douglas, became president and COO. The Boeing Company's corporate headquarters is in Chicago, Illi ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Peace Dividend
''Peace dividend'' was a political slogan popularized by US President George H. W. Bush and UK Prime Minister Margaret Thatcher in the light of the 1988–1991 dissolution of the Soviet Union, that described the economic benefit of a decrease in defense spending. The term was frequently used at the end of the Cold War, when many Western nations significantly cut military spending such as Britain's 1990 Options for Change defence review. It is now used primarily in discussions relating to the guns versus butter theory. Validity While economies do undergo a recession after the end of a major conflict as the economy is forced to adjust and retool, a "peace dividend" refers to a potential long-term benefit as budgets for defense spending are assumed to be at least partially redirected to social programs and/or a decrease in taxation rates. The existence of a peace dividend in real economies is still debated, but some research points to its reality.Sanjeev Gupta, Benedict Clements, Ri ...
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NATO
The North Atlantic Treaty Organization (NATO, ; french: Organisation du traité de l'Atlantique nord, ), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American. Established in the aftermath of World War II, the organization implemented the North Atlantic Treaty, signed in Washington, D.C., on 4 April 1949. NATO is a collective security system: its independent member states agree to defend each other against attacks by third parties. During the Cold War, NATO operated as a check on the perceived threat posed by the Soviet Union. The alliance remained in place after the dissolution of the Soviet Union and has been involved in military operations in the Balkans, the Middle East, South Asia, and Africa. The organization's motto is ''animus in consulendo liber'' (Latin for "a mind unfettered in deliberation"). NATO's main headquarters are located in Brussels, Belgium, while NATO ...
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Velvet Revolution
The Velvet Revolution ( cs, Sametová revoluce) or Gentle Revolution ( sk, Nežná revolúcia) was a non-violent transition of power in what was then Czechoslovakia, occurring from 17 November to 28 November 1989. Popular demonstrations against the one-party government of the Communist Party of Czechoslovakia included students and older dissidents. The result was the end of 41 years of one-party rule in Czechoslovakia, and the subsequent dismantling of the command economy and conversion to a parliamentary republic. On 17 November 1989 (International Students' Day), riot police suppressed a student demonstration in Prague. The event marked the 50th anniversary of a violently suppressed demonstration against the Nazi storming of Prague University in 1939 where 1,200 students were arrested and 9 killed (see Origin of International Students' Day). The 1989 event sparked a series of demonstrations from 17 November to late December and turned into an anti-communist demonstration. ...
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