Fokker Nv Company

Samsung of South Korea lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when other airplane makers rejected its offer to form a consortium. The three proposed partners--Hyundai, Hanjin and Daewoo--have notified the South Korean government that they will not join Samsung Aerospace Industries Ltd., the Trade Ministry said. Expectations that the rival South Korean companies would join hands had been small.

Samsung of South Korea lost a chance to revive its failed bid to take over Dutch aircraft maker Fokker when other airplane makers rejected its offer to form a consortium. The three proposed partners--Hyundai, Hanjin and Daewoo--have notified the South Korean government that they will not join Samsung Aerospace Industries Ltd., the Trade Ministry said. Expectations that the rival South Korean companies would join hands had been small.

Stork May Announce Its Intent to Buy Fokker Unit: A spokesman for the Dutch machinery maker said it's conceivable that an announcement could come as early as today. Fokker Aviation holds the healthy parts, such as maintenance and product support, of Netherlands-based Fokker, its parent company and the aircraft maker that declared bankruptcy in March.

Stork May Announce Its Intent to Buy Fokker Unit: A spokesman for the Dutch machinery maker said it's conceivable that an announcement could come as early as today. Fokker Aviation holds the healthy parts, such as maintenance and product support, of Netherlands-based Fokker, its parent company and the aircraft maker that declared bankruptcy in March.

Fokker, McDonnell Won't Confirm Talks: Representatives of the Dutch and U.S. aircraft makers would not comment on a Dutch newspaper report that the two were talking. The daily Volkskrant reported that Fokker received a delegation from St. Louis-based McDonnell last week. Fokker, which has sought protection from creditors for some of its subsidiaries, needs a new investor to provide it with cash to stay in business.

Deutsche Aerospace, Fokker Merger Approved: Dutch Minister of Economic Affairs Koos Andriessen has approved a merger between Germany's Daimler-Benz unit Deutsche Aerospace, or Dasa, and Fokker, putting an end to nearly five months of difficult negotiations. Dasa initially will take an 87% stake in a new holding company for the Dutch plane maker, then sell shares equally to Alenia of Italy and Aerospatiale of France, leaving Dasa with 51% of Fokker.

Just five weeks after announcing a potential $7-billion, 150-plane purchase, American Airlines appeared to be on the verge Thursday of a $3.09-billion deal with Dutch manufacturer Fokker for up to 150 more planes. Analysts said the spending spree reflects American's financial strength and strategy for modernizing its fleet and expanding its routes. American announced Wednesday that it plans to spend $95 million to expand its corporate headquarters in Ft.

Pioneering aviation firm Fokker, once a European byword for industrial expertise, collapsed Friday, ending 77 years of Dutch aircraft production and putting 5,600 people out of work in the biggest mass layoff in Dutch history. The maker of regional aircraft, whose founder supplied triplanes to Germany during World War I, announced at a somber news conference that it had lost a desperate struggle to find a buyer and declared bankruptcy for three core units.

Pioneering aviation firm Fokker, once a European byword for industrial expertise, collapsed Friday, ending 77 years of Dutch aircraft production and putting 5,600 people out of work in the biggest mass layoff in Dutch history. The maker of regional aircraft, whose founder supplied triplanes to Germany during World War I, announced at a somber news conference that it had lost a desperate struggle to find a buyer and declared bankruptcy for three core units.

Fokker, McDonnell Won't Confirm Talks: Representatives of the Dutch and U.S. aircraft makers would not comment on a Dutch newspaper report that the two were talking. The daily Volkskrant reported that Fokker received a delegation from St. Louis-based McDonnell last week. Fokker, which has sought protection from creditors for some of its subsidiaries, needs a new investor to provide it with cash to stay in business.

Bombardier Inc. said Monday it is in talks with Fokker, a decision that could lead to an offer for part or all of the Dutch aircraft maker. Fokker suspended payments to its creditors last month after its major shareholder, Daimler-Benz, withdrew its financial support. Daimler-Benz's decision forced Fokker to look for ways to stay in business. "We started discussions" with Fokker Monday, Bombardier spokesman Michel Lord said.

Samsung Corp., South Korea's largest industrial company, said Monday that it is considering buying part or all of Dutch aircraft maker Fokker, which is under court protection from its creditors. "We are very much interested in Fokker," Park Jong Hyun, a spokesman for Samsung Aerospace Co., said in Seoul. "But we have not decided anything on buying the company."

Beleaguered Dutch plane maker Fokker on Friday secured vital state aid to keep it in business for six weeks, and its administrators said they have not given up hope that the entire company can still be saved. The Dutch government granted Fokker interim credit of $153 million and brought forward the planned purchase of four Fokker jets worth $66 million.

German industrial conglomerate Daimler-Benz, disclosing an expected $4.05-billion loss for 1995, said Monday it can no longer afford to prop up its troubled Dutch aircraft unit Fokker. Daimler said after hacking off unprofitable businesses in an aggressive restructuring effort, the company was set to return to profit this year. "Profitability in all business sectors is the first goal of the company," Daimler Chairman Juergen Schrempp said in a statement.

Beleaguered Dutch plane maker Fokker on Friday secured vital state aid to keep it in business for six weeks, and its administrators said they have not given up hope that the entire company can still be saved. The Dutch government granted Fokker interim credit of $153 million and brought forward the planned purchase of four Fokker jets worth $66 million.