Fairchild Corporation

The Fairchild Corporation is the successor corporation of Fairchild Industries, Inc. Banner Aerospace is one of the company's major subsidiaries.[1]

For other corporations, see Fairchild (disambiguation).

The last major Fairchild asset sold was Fairchild Fasteners, a Sherman Fairchild company, which was sold to Alcoa for 657 Million on December 3, 2002 and is now called Alcoa Fasteners. In the summer of 2006, the Corporation sold a shopping mall they had built on the Republic Airport property of Fairchild Hiller for 95 Million. They then owned a property at Republic Airport.[2]

Jeffrey Steiner was the company's CEO until his resignation in October 2008; he died a month later.[3] As of February 2009, the firm has been delisted from the New York Stock Exchange; a number of executives had recently left the company's senior management team, including Steiner's son, Eric; and the firm was being run by interim chief executive Phillip Sassower, the head of a New York private equity firm that is Fairchild's largest shareholder.[4] In March 2009, the company filed for Chapter 11 bankruptcy protection.[5]

References
  1. Banner Aerospace, Inc. - Company History Archived 2006-10-17 at the Wayback Machine
  2. "Fairchild - The History". Fairchild. Archived from the original on 20 January 2013.
  3. Rosenwald, Michael S. (2009-02-09). "Steiner's Fairchild Struggles On Without Him". ISSN 0190-8286. Retrieved 2018-04-07.
  4. Michael S. Rosenwald (February 9, 2009). "Steiner's Fairchild Struggles On Without Him". Washington Post.
  5. Editorial, Reuters. "UPDATE 1-Fairchild files for Chapter 11 bankruptcy". U.S. Retrieved 2018-04-07.

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