Bill Ingraham, aviation director for San Bernardino International Airport, stands in front of the 1973 Boeing 727 that was used as collateral for a $550,000 loan the airport gave Scot Spencer’s companies in 2008. A mechanic inspected the plane recently to find a missing engine that was also used as collateral for the loan. (Photo by Kimberly Pierceall/The PE)
Published: 14 October 2012 – 06:12 PM
With Scot Spencer and San Bernardino International Airport, nothing is simple.
When airport officials were asked to account for three engines that Spencer used along with a Boeing 727 as collateral for a $550,000 loan from the airport, there wasn’t a yes or no answer. Instead, there was a question: Where are the engines?
To read story by Kimberly Pierceall in The Press Enterprise, click here.