 At around the same time, the aircraft business was reorganised as a subsidiary of Blohm & Voss.During the war the B&V site became a subcamp of Neuengamme concentration camp.B&V's fortunes revived in 1952 when the City of Hamburg guaranteed credit to the B&V subsidiary Steinwerder Industrie AG, formed in 1950, to restart ship repairs and by 1953 some 900 workers were back in employment.