The Fairchild Corporation operates in three segments: PoloExpress, Hein Gericke and Aerospace. PoloExpress and Hein Gericke segments are engaged in the design and retail sale of motorcycle apparel, protective clothing, helmets and technical accessories for motorcyclists in Europe. In addition, Hein Gericke is engaged in the design and distribution of motorcycle apparel in the United States. Aerospace segment stocks a variety of aircraft parts and distributes them to commercial airlines and air cargo carriers, fixed-base operators, corporate aircraft operators and other aerospace companies worldwide. In addition, the Company's Aerospace segment performs component repair and overhaul services. In March 2009, the Company filed for bankruptcy with a deal to sell its Banner Aerospace segment to Phoenix Group LLC.