AEROSPACE
- Share via
Fokker Gets Protection From Creditors: Dutch plane manufacturer Fokker said it received court protection from creditors for its three aircraft-building units, winning vital time to reorganize and seek partners. The future of the 76-year-old company had been in doubt since Monday, when its major shareholder, Germany’s Daimler-Benz, said it would no longer provide financial support. The monthlong protection order gives Fokker breathing space to look for partners for its aircraft assembly lines in Amsterdam, which turn out about four dozen commuter jets a year. Under Dutch law, suspension of payments means past creditors cannot ask to be paid as Fokker carries on its business.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.