Fairchild
As a result of the recognition achieved with the KRA Midget, Kreider-Reisner began manufacturing the Challenger, which became a popular sport plane in the 1920s. In the Spring of 1929, Fairchild acquired 82% of the common stock in Kreider-Reisner, making the Hagerstown company a subsidary of the Fairchild Aviation Corporation, which eventually became Fairchild Aircraft Company.
Sherman Mills Fairchild Article
Sherman Fairchild withdrew in 1931, retaining a subsidiary, Kreider-Reisner Corporation, Hagerstown, Maryland, which was renamed Fairchild Aircraft Corporation in 1935. This became Fairchild Aircraft Division, Fairchild Engine and Airplane Corporation, in 1939; Fairchild Stratos Corporation in 1961. Fairchild Hiller Corporation in 1964 on acquisition of Hiller Aircraft Company.
In 1964 Fairchild-Stratos Corp purchased Hiller Aircraft with cash, not stock transactions. Hiller capabilities fitted into one of Fairchild’s primary goals – vertical takeoff and landing aircraft. The Hiller plant was to remain in Palo Alto.
Acquiring Republic Aviation Corporation in September 1965 and this becoming the Republic Aviation Division of Fairchild Hiller Corporation and, later, the Fairchild Republic Company division of Fairchild Industries; Fairchild Industries Inc in 1971 (acquired 90 percent interest in Swearingen Aviation Corporation in November 1971, which became Fairchild Aircraft Corporation in 1982). Metro Aviation, with 97 percent shareholding in Fairchild Aircraft Corporation, sold by Fairchild Industries to GMF Investments, but in 1990 Fairchild Aircraft filed for bankruptcy protection and was sold to Fairchild Acquisition Incorporated that year. The name for producer of Metro, Merlin, and Expediter series of twin-turboprop commuter airliner, executive transport and freighter aircraft (plus MMSA multi-mission surveillance aircraft variant of Metro 23) became Fairchild Aircraft Incorporated. Finally, in June 1996 parent company Fairchild Aerospace bought 80% of the German manufacturer Dornier Luftfahrt from Daimler-Benz Aerospace, resulting in Fairchild Aerospace owning all of the renamed Fairchild Dornier U.S.A. Fairchild Aircraft Incorporated and 80% of Fairchild Dornier Germany Dornier Luftfahrt GmbH.
While attending the Second Aircraft Show in Detroit, Michigan, Kreider was killed when his plane collided with another aircraft at Detroit Ford Airport on 13 April 1929.
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