Air Transport World

Carl Albert, chairman, Fairchild Aircraft Corp.

Nearly four years ago, former Wings West Chairman Carl Albert and investors walked away with $42 million following sale the airline to AMR Corp. Few believed that Albert would leave the aviation business permanently. They were right.

In mid-1990, Albert and a posse of investors turned up in San Antonio, Tex., as new owners and potential saviors of bankrupt Fairchild Aircraft Corp., which nearly perished under Gene Morgan Financial Investments of Los Angeles. Albert would get Fairchild's financial house in order and resurrect the stand-up cabin Metro V. Albert has rejected the Metro V as too costly.

In its place, he is offering the Metro 23, a Metro ill derivative powered by two Garrett engines. Albert has taken hits in the press for not investing in an aircraft for the future. …

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