Over 60 Years of Excellence
Founded as Cowan Aircraft.
Acquired by Banner Industries, Inc. Establishment of the name Banner Aircraft International.
Banner Industries' acquisition of Fairchild Corporation, corporate
re-shuffle, and the establishment of two separate corporations
with two positions on the New York Stock Exchange under the
names of Banner Aerospace, Inc. (NYSE: BAR) and Fairchild Corporation (NYSE: FA). With this split, Banner Aircraft
International became one of several distribution units of the
Banner Aerospace network of companies consisting of approximately 700 employees with annual sales of US$235
million. The Fairchild Corporation became the manufacturing
group of companies.
In a deal financed with BAI’s close ally, Kanematsu Group, Japan,
the company was purchased by Mr. R.C. Cain, the President and
BAI is one of the leaders in the industry
S. San Francisco, CA 94080