Bankruptcy
The company went bankrupt in 1922 whilst building six 504Ks for the Royal Australian Air Force, and went into liquidation in March 1923.
Read more about this topic: Australian Aircraft & Engineering
Famous quotes containing the word bankruptcy:
“A womans whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopelessfor it is a bankruptcy of the heart.”
—Washington Irving (17831859)
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimonyunaware, alas, of the fact that Europes declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (19061975)
“Disappointment is a sort of bankruptcythe bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (19021983)