Fokker Bankruptcy Analysis

Fokker Shuts Its Doors

Amsterdam, March 15, 1996 – “At the request of Fokker’s administrators, the District Court of Amsterdam has retracted the suspension of payments provisionally granted to the companies NV Koninklijke Nederlandse Vliegtuigenfabriek Fokker, Fokker Aircraft BV and Fokker Administration BV and declared them to be in a state of bankruptcy. The former administrators have been appointed as receivers”. With this announcement came the end of one of the world’s greatest and longest-lasting aircraft manufacturers after a period of heavy losses, changes of ownership, reorganization and uncertainty. Fokker’s closure is filled with irony as it comes at a time when there is a reasonably healthy backlog of 65 orders for its regional airliners worth over $US1.4bn.

Fokker’s bankruptcy brings to an end 77 years of aircraft manufacturing in the Netherlands and will result in all 5,664 of the insolvent companies’ employees losing their jobs. About 950 of these will be offered positions with the several Fokker operating groups which will continue trading under the auspices of a new company, the Fokker Aviation Group. They are Fokker Aircraft Services (repair and overhaul, holder of Fokker’s various Type Certificates), Fokker Elmo (electrical and electronic components for the aviation industry), and Fokker Special Products (industrial products).

This content is available exclusively to Australian Aviation members.

Login

Become a Member

To continue reading the rest of this article, please login.

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey

To unlock all Australian Aviation magazine content and again unlimited access to our daily news and features, become a member today!
A monthly membership is only $5.99 or save with our annual plans.

PRINT

$49.95 for 1 year Become a Member

See benefits

• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website

MOST POPULAR

PRINT + DIGITAL

$99.95 for 1 year Become a Member

$179.95 for 2 years Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

DIGITAL

$5.99 Monthly Become a Member

$59.95 Annual Become a Member

See benefits

• Unlimited access to all Australian Aviation digital content
• Access to the Australian Aviation app
• Australian Aviation quarterly print & digital magazines
• Access to In Focus reports every month on our website
• Access to our Behind the Lens photo galleries and other exclusive content
• Daily news updates via our email bulletin

View more offers and details