Fairchild Dornier claims it has achieved financial stability, a year after its billion dollar recapitalisation by purchasers Clayton, Dubilier & Rice (CD&R) and Alliance Capital Partners. Chairman Chuck Pieper, a principal with CD&R, says it has orders worth $12 billion - up 50% on a year ago.
Fairchild cancelled the 428JET last August, but has moved the 70-80 seat 728JET to manufacture. First flight is due in a year. The 95-110 seat 928JET is in wind tunnel tests, with 328JET production at four a month. It claims sales could rise to $5 billion a year by 2008, and production to 180 aircraft.
Source: Flight International
