What's the latest on Fairchild/Dornier?

[AeroDMB]

Any recent information on current news releases for regrouping?

 

[tarp]

BBC
Monday, 2 December, 2002, 21:07 GMT
Fairchild Dornier to be sold in parts

Buyers believe there is a market for the small jets

The insolvent short-haul jet maker Fairchild Dornier is set to be split up and sold after a viable buyer for the whole firm has failed to materialise.

Bids for the whole of the aircraft manufacturer, which is based near Munich in Germany, were rejected because interested buyers failed to show proof of adequate financing.
The company's 3,600 former employees' future remains uncertain as Fairchild Dornier's creditors prepare for the break-up.

However, chances are some of them will be kept on by companies buying various units.
Fairchild Dornier's small passenger jet business, which makes its 32-seat 328 jet, would probably be sold to AvCraft Aviation LLC of Leesburg, Virginia in the US, according to the buyer's chief executive, Ben Bartel. "I believe there's a tremendous market for this airplane," he said.

The firm's large passenger jet business, which makes 70-seat 728s, might be sold to a Russian consortium and the fighter jet company IAPO.

While Fairchild Dornier's maintenance division and one of its subsidiaries which supplies parts to Airbus are expected to be bought by RUAG of Switzerland.

 

[350DRIVER]

The word around the company is that there are more 328 jets coming our way. Present day we have and operate one. We also have a mx facility in Tyler Texas that most likely we play a key part in this venture. Mr. Bartel is a great guy who knows the business inside and out so I don't have a doubt in my mind that he can make this work. I believe we are one of the few companies that have a 328 jet on a 135 certificate. Pretty impressive bird with the "executive" interior. At $4100/hour I guess it better be nice for the pax


Should be "interesting" times ahead for the company.

g o o d l u c k

3 5 0

 

[brew3departure]

THe 328 jet

Hi there,

You probably are, although I think Johnson Controls based somewhere in the midwest (perhaps Racine, WI?) has a few too. See them all the time in MKE.

Of course, if _YOU_ work for JC, I guess I'll quit while I'm ahead!

Take care,
-brew3

 

[350DRIVER]

You probably are, although I think Johnson Controls based somewhere in the midwest (perhaps Racine, WI?) has a few too. See them all the time in MKE.

9 1 f l i g h t d e p t . - I would only assume........

u are ex-GLA?


3 5 0