Copying and distributing are prohibited without permission of the publisher
Old before its time
01 November 2005
Bankruptcy meant that the Fairchild Dornier 328 Jet never really found a market, and with Delta parking aircraft, its value is unlikely to recover.
Read more:
Fairchild Dornier
Airlines
airline
Aircraft value
Boeing
The past five years have been tough for owners of Fairchild Dornier aircraft. Aircraft residual values always fall when a programme ends and owners of 328 Jets have been concerned since November 2001, when the company admitted that it was having financial difficulties and tried to arrange a state loan. The loan failed and, in March 2002, the manufacturer announced that it was losing $50 million a month and desperate for a strategic partner.
Boeing was spoken of as a possible partner and some Russian investors were said to be interested. However, no deal closed and Fairchild stopped building aircraft in 2002.
In March 2003 AvCraft signed a deal to restart production. This looked like good news for 328 Jet owners. Fairchild's administrator announced that it had sold all the remaining white tails and lessors placed a few older aircraft.
Then it all started again. AvCraft filed for bankruptcy earlier...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
