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Bristol Aerospace
Bristol Aerospace is a Canadian aerospace firm located in Winnipeg, Manitoba and is an operating division of Magellan Aerospace. Today it is the only remaining and surviving subsidiary of Bristol Aeroplane Company. History Bristol Aerospace began in 1930 as the MacDonald Brothers Aircraft Company. Brothers Jim and Grant MacDonald moved to Winnipeg from Nova Scotia in 1904 to start a sheet metal business. Brother Edwin joined them later and by the late 1920s air travel had become an important means of transportation with Winnipeg becoming a hub for travel to the booming west. The MacDonalds formed ''MacDonald Brothers Aircraft Company'' in 1930, producing seaplane floats under licence from EDO Corporation of New York City. The company produced floats into the early 1980s. WWII During World War II the factory built training aircraft and by war's end had grown to 4,500 employees. At the end of the war, MacDonald Bros. became an important repair and overhaul centre for the Royal C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
