• Eccleston reports that completion of Fairchild Aerospace's recapitalisation deal with US investment house Clayton, Dubilier & Rice (CD&R) and Germany's Allianz Capital Partners (ACP), which are buying out company chairman Carl Albert, should be complete by the end of March. The deal will bring in $1.4 billion.
• Fairchild has delivered its first US-based corporate 328JET to Johnson Controls, a manufacturer of automotive interiors and batteries. The aircraft, which can be changed from a standard 32-passenger layout to 16-passenger executive configuration in four hours, will be used as a scheduled shuttle for employees and customers between Johnson's factories in Michigan, operating up to nine flights daily.
Source: Flight Daily News
