Business & Finance: Fairchild Fission

Stockholders willing, a corporate fission will occur this autumn in a notable aviation name. Fairchild Aviation Corp. announced plans last week to divorce its engine and aircraft units from its aerial camera and survey business. The latter will be carried on by the present company. Shares in a new concern to be known as Fairchild Engine & Airplane Corp. will be distributed share-for-share to stockholders in Fairchild Aviation.

To most people Fairchild still means a high-wing, cabin monoplane popular with sporting brokers and airport joyriders in the twilight of the 1920's. Depression hit...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!