Situation Normal at Million Air SBD Following FBI Raid

AINalerts » September 29, 2011
Million Air opened a managed facility at SBD in August 2010. The FBO is opera
Million Air opened a managed facility at SBD in August 2010. The FBO is operating as usual, although there have been some question about the airport development.
September 29, 2011, 10:55 AM

It’s business as usual at the Million Air FBO at San Bernardino International Airport (SBD) in Southern California, following an FBI document-gathering raid of airport offices last week. On June 30, a grand jury report raised questions about how improvements to the airport were managed by Scot Spencer, “a convicted felon who served time for bankruptcy fraud in a federal penitentiary,” according to the report. One of Spencer’s companies obtained a Million Air franchise and raised funds to build the network-affiliated FBO, the cost of which ballooned to nearly 10 times the original estimate. Spencer is CEO at the FBO, but Million Air Interlink manages the San Bernardino facility, according to Million Air Interlink CEO Roger Woolsey. “Million Air has three business models: we own some, manage some, franchise some. This is one of our managed properties. These are our employees, our management, our direction. Profit-loss goes to the investor group [Spencer’s SBD Properties] that holds the lease. Million Air is not a target of an investigation, but the development of the airport is what apparently is in question.” Million Air SBD employs 14 and fuel sales have quadrupled since the FBO held a grand opening in August 2010. “We’re here to stay,” Woolsey said. “We’re very excited about the community.” Spencer did respond to AIN’s requests for comment.

 

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