separate businesses. In the same year, Avia Letňany launched assembly of A21 FC furgons by use of pressed parts. In 1993 Avia launched the models A21T and A31T, equipped with turbo engines. At the same time, the engine power of these vehicles was increased to 65 kW, which met the Euro I Standard. Later an engine with the power increased up to 76 kW (or 85 kW) and intercooler meeting the Euro II Standard was developed. Enhancements also included a modified chassis, strengthened drive unit, power steering system, modified braking system, improved cab interior and enhanced technical parameters of the vehicle. In 1992 Avia was turned into a stock company, and also Avia-Hamilton Standard, a new company with Avia's equity share making aircraft propellers, was founded. One year later propeller manufacture was moved from the Letňany factory to the new premises near Stará Boleslav. This definitively terminated the aircraft production in Letňany. Daewoo subsidiary 66% of the Avia Company was privatized by Czech entities in two waves. To ensure the further development of the company, the government began to seek a foreign investor. The relevant discussions were led with several parties concerned. In the first line, it was Renault, the French car maker, with which Avia already had good long-term experience; followed by the German Mercedes-Benz company. However, the 1995 public tender was won by a consortium formed by Daewoo of South Korea and Steyr-Daimler-Puch of Austria. The consortium was incorporated in the Netherlands as Daewoo Steyr B.V. It bought 50.2% of Avia's shares, making it the majority owner of the company. A year later the company's trading was changed to Daewoo Avia, A.S. In the same year, the company became the exclusive importer and distributor of Daewoo vehicles for the Czech Republic. In 1997 the Avia A Series was modernized for the last time. Avia A 60/ 65/ 75/ 80 models were launched. The vehicles had a completely new chassis fitted with a riveted frame, fixed front axle, front disc brakes, smaller wheels 205/75 – 17.50" and Euro II engines with the power of 76 kW and/or 85 kW. The vehicles had a five-speed/six-speed gear-box. The cabs had a new interior, advanced design and they were tilt cabs in the first line. Generally, 250,000 Avia A Series vehicles, which can be seen in high numbers on our roads even today, left the assembly line of the Letňany car factory