EXHIBIT NO. 16 TO FORM 8-K June 9, 2003 Securities and Exchange Commission 450 Fifth Street, NW Washington, DC 20549 Gentlemen: We have read Item 4 of Form 8-K, dated June 9, 2003, of The Fairchild Corporation and are in agreement with the statements contained in the second paragraph. We have no basis to agree or disagree with other statements of the registrant contained therein. /s/ Ernst & Young LLP