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Word: motorenbau (lookup in dictionary) (lookup stats)
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...court if its liabilities exceed 50^ of its assets. Junkers Aircraft assets were supposed to be nearly adequate ($5,236,000 against $3,094,000 liabilities), but frozen. A Junkers unit closely allied with the aircraft company, and like it wholly owned by famed Professor Hugo Junkers. is Motorenbau which builds airplane and other engines. Borsig Co., a licensee of Motorenbau but not a Junkers enterprise, went into bankruptcy last December. Borsig was a substantial creditor of Motorenbau and its own creditors sought to collect. Hard-pressed for cash, Junkers entered into long negotiations with the hard-pressed Reich...

Author: /time Magazine | Title: Aeronautics: Frozen Junkers | 4/4/1932 | See Source »

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