This from Bloomburg...
Arcapita, formerly known as First Islamic Investment Bank, filed for Chapter 11 March 19 along with five affiliates, listing assets of $3.06 billion and liabilities of $2.55 billion. Arcapita Investment Holdings Ltd., already in U.S. bankruptcy, has also filed a bankruptcy in the Cayman Islands in aid of the Chapter 11 proceeding.
Arcapita acquired Freightliner in 2008.
Freightliner's website was unavailable for comment, or indeed anything...
UPDATE: Happy Friday! Freightliner now back on-line...
