FractionAir's controlling investor announces it has provided a loan to help keep the company afloat, but letter to creditors shows that the proceeds fall short of initial plan
As feds confirm flights are stilled, troubled company's controlling shareholder breaks silence, expresses hope for restructuring -- while portraying itself as just another creditor
High-profile owners of fractional shares in the company's corporate jets, such as former Vice President Al Gore, Tennessee Titans coach Jeff Fisher and Franklin businessman Gordon Inman, are given stark choice at creditors' meeting: Take 22 cents on the dollar, or lose all of their money in a Chapter 7 filing
A company offering fractional ownership of jet aircraft is in serious trouble, exposing high-profile investors and customers like Al Gore, Eddie George, ex-American General chief Joe Kelley and VU medical leader Harry Jacobson to financial risk -- and casting a shadow over the mayoral campaign of one of the company's former directors, Bob Clement
All Articles