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Nov-30-2013 00:29printcomments

Evergreen Aviation Confirms Financial Troubles

Evergreen International Aviation, Inc. CEO Del Smith confirms in a press release, that Evergreen's business, "has been adversely impacted over the past several years by decreased demand in military spending and weakness in global economic markets."

Evergreen Aviation

(MCMINNVILLE) - Oregon's longtime aviation pioneer, Delford M. Smith, confirms rumors that his facility, Evergreen International Aviation, Inc., headquartered in McMinnville, is financially impacted by a rollback in federal defense spending.

'Spruce Goose' at Evergreen Aviation
Museum in McMinnville.
Salem-News.com photo By: Tim King

With reported ties to groups like the Central Intelligence Agency, Smith built a fortune supplying civilian aircraft and crews for military roles in what many describe as the clandestine air force, "Air America."

Known for buying large parcels of property in the McMinnville area, an ambitious style of political maneuvering and real estate procurement have earned Smith his fair share of critics.

In more recent years the facility developed an aircraft museum, taking possession of the world's largest airplane, Howard Hughes' Spruce Goose. The most recent addition is a waterpark with a huge airliner mounted atop.

Smith confirms in a press release, that Evergreen's business, "has been adversely impacted over the past several years by decreased demand in military spending and weakness in global economic markets."

He says management has moved to aggressively address these challenges, including through the divestiture of businesses and assets and the significant reduction of secured debt.

"Evergreen is in discussions with its significant constituencies and is exploring available strategic alternatives with those constituencies."

Smith says the company is not ceasing operation, contrary to reports.

"While Evergreen generally does not comment on market rumor or conjecture, rumors that a decision has been made to cease operations at this time are false. Evergreen remains committed to continuing to address the current business environment with its customers."

    From Evergreen International Aviation, Inc.

    Evergreen International Aviation, Inc., through its subsidiaries, provides air freight and aviation services to air carriers, aviation companies, and governmental agencies worldwide. With international operating authority and a network of global offices and affiliates, Evergreen consists of an international cargo airline that owns and operates a fleet of Boeing 747s, an aircraft ground handling company, and an aircraft sales and leasing company. In addition to these endeavors, Evergreen owns and operates Evergreen Agricultural Enterprises and is headquartered near the not-for-profit Evergreen Aviation Museum, home of the Spruce Goose. The company was founded by Delford M. Smith and is based in McMinnville, Oregon. For more information, please visit http://www.evergreenaviation.com

Photo by Bonnie King



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Vic December 1, 2013 7:54 am (Pacific time)

So, the weapons-smuggling and cocaine deliveries to the US are tapering off ? Evergreen Aviation was built with blood money, and illegally earned millions. The whole place should be seized, sold and the money given to survivors of the CIA's war against Central America. Smith should be in prison for life...

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