Forum Discussion
Dutch_12078
Mar 22, 2016Explorer II
tommykelly wrote:
http://www.pilotflyingj.com/history
I drove a tour bus, tanker, and now an r.v.
the sad thing is the daughter took over ...after her dad was killed in a plane crash...everyone is not born with a business sense....
turning your successful business over to your family members is not always a good idea.
Crystal Call Maggelet seems to be doing quite well running FJ Management in Ogden, Utah, the renamed Flying J after the travel center division was merged with Pilot. FJM operates convenience stores, oil and refining, banking, and insurance businesses, and their Chapter 11 reorganization plan included paying all lenders and creditors in full in cash. The family members and other owners of FJM received cash and equity in both FJM and Pilot. The reorganization reportedly came about due to rapidly falling oil prices and tighter credit in the early to mid 2000's.
Back on topic, I wonder how long it will take to rebuild the Indy site and if they will choose to do so...
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