Daimler sells Dornier to Fairchild

  • Date
    5 June 1996
  • Description
    The industrial management of Dornier Luftfahrt GmbH, a wholly-owned subsidiary of Dornier GmbH (Friedrichshafen), a corporate unit of Dasa, is taken over by Fairchild Aircraft Holding Inc. (San Antonio, Texas/USA). This precipitates a joint venture in which Dornier GmbH has a 20 % and Fairchild Aircraft an 80 % holding. This step represents a retreat on the part of Daimler-Benz Aerospace from direct involvement in the regional aircraft sector after financial support for Fokker was discontinued in January.