Olaf Dlugi, the former CEO of German regional airline
Augsburg Airways, expects shortly to release details of a proposal by a new
investment group to take over parts or all of bankrupt airframer Fairchild
He is personally in line to be appointed CEO of the company
if the deal is successful with former Dornier CEO Heider Heydrich assisting
Contacted by ATI, Dlugi confirmed that he was involved
in embryonic company Aviation Finance Consulting which is identified by German
financial daily Handelsblatt as being the vehicle for the negotiations.
Dlugi says he does not know how the information was released
and declines to discuss the matter any further. But he does not dispute the
information already made public and says further details should be made public
Handelsblatt reports that the unknown investors behind the
Swiss-registered company have put up around €1 billion ($990 million) and are
seeking further lines of finance.
Separately, administrators handling Fairchild Dornier’s
affairs remain in discussions with Sibirsky Aluminium and Irkutsk Aircraft
Production (IAPO) of Russia. A firm Russian offer is due within days.
Other discussions about various elements of the business,
including those with US equity house Dimeling, Schreiber & Park over the
328JET programme, are also still underway.