Air Transport World

FD files for bankruptcy in US. (Regional News).(Dornier NA, a division of Fairchild Dornier filed for bankruptcy)(Brief Article)

Dornier NA., the US subsidiary of Fairchild Dornier, filed for Chapter 11 bankruptcy reorganization in Alexandria, Va., on May 20, seven weeks after the parent company filed for insolvency in Germany. Dornier N.A. entered Chapter 11 four days before a deadline to respond to an involuntary bankruptcy petition filed by former employees of the US unit. The employees who lost their jobs after the company became insolvent in Germany are seeking to recover severance and other payments they allege are owed by the company.

Meanwhile, efforts to salvage FD continued. German media reported that the three core business areas of the company could be spun off, sold separately and continue to operate from present facilities at Oberpfaffenhofen. …

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