Messerschmitt

Messerschmitt AG (ˈmɛsɐʃmɪt) was a German share-ownership limited, aircraft manufacturing corporation named after its chief designer Willy Messerschmitt from mid-July 1938 onwards, and known primarily for its World War II fighter aircraft, in particular the Bf 109 and Me 262. The company survived in the post-war era, undergoing a number of mergers and changing its name from Messerschmitt to Messerschmitt-Bölkow-Blohm before being bought by Deutsche Aerospace (DASA, now part of Airbus) in 1989. In February 1916, the south German engineering company MAN AG and several banks purchased the unprofitable aircraft builder Otto-Flugzeugwerke, starting a new company, Bayerische Flugzeugwerke AG (abbreviated B.F.W.). The articles of association were drawn up on 19 and 20 February, and completed on 2 March 1916. Details of the company were recorded in the Commercial Register with an equity capital of RM 1,000,000 on 7 March 1916. 36% of the capital was provided by the Bank für Handel und Industrie, Berlin, 30% by MAN AG and 34% by Hermann Bachstein, Berlin. The first Chairman of the Board of Management was Peter Eberwein, who had previously been employed at Albatros Flugzeugwerke. Due to the need for immediate aircraft production for the ongoing war, there was no time for development work and BFW manufactured aircraft under licence from Albatros Flugzeugwerke. Within a month of being set up, the company was able to supply aircraft to the war ministries of Prussia and Bavaria. However, major quality problems were encountered at the start. The German air crews frequently complained about the serious defects that appeared in the first machines from BFW. The same thing had happened with the aircraft from the predecessor company run by Gustav Otto. It was only organizational changes and more intensive supervision of the assembly line that succeeded in resolving these problems by the end of 1916. BFW then started turning out over 200 aircraft a month, with their workforce growing to 3,000 and becoming one of the largest aircraft manufacturers in Bavaria.