A private investor was supposed to save it from almost certain demise but this plan has fallen through with no substitute solution in sight. This is the situation at the state-run aircraft maintenance company Letecké opravovne Trenčín, which found itself running at a more than €4 million loss last year.
At that time, the Cabinet assigned Defence Minister Martin Glváč (SMER-SD) to find a way to let a private company take the reins and assist the ailing firm. However, the minister has changed course and cancelled the legal aid that was to fulfil the task. “We decided on the cancellation due to a substantial change in the situation in which the procurement had been called”, Ministry of Defence spokesperson Martina Balleková explained, without giving further details.
