This article is dated May, 2013.
BBM
“.......The venture was not for the faint of heart and not everyone believed it could succeed. One senior executive at an Ontario-based flight-training company, who did not want his name published, was touring on his motorbike one day last fall when he spotted the new hangar and pulled in to take a closer look. “It was empty, not a soul around, no cars. I was scratching my head and thinking I’m not getting this,” he said. “I just can’t see a business model that makes sense for a hangar of that size at that airport despite what they may have said to the airport authority.”
The doubts the executive expressed were similar to those raised by Dellen Millard in his steakhouse meeting with Mr. Sharif. But Mr. Sharif, who had helped set up similar businesses before, was convinced that the future was bright. He emphasized to Dellen, as he had to Wayne, that the real value of the business lay in its coveted Transport Canada operational certification, the high-quality team it had assembled, and the potential customers who, Mr. Sharif says, were lining up.
To dismantle the business before things really got underway and plans came to fruition could mean getting back just 20 cents for every dollar invested.
Yet that’s exactly what Dellen, Wayne’s sole heir, did when his father died suddenly....”
Tim Bosma murder suspect, Dellen Millard made surprising decision to dismantle family business
*****
After the fact, the plans for the airport never came to fruitation. For employees involved in business development at the time, no doubt they’re going to share only optimism.
Aside from the murder aspect, what possessed WM to undertake such a high risk project, given it was something totally away from his realm of experience, intrigues me. Other than the stated intention for his son to take over, it’s almost as if it was something that would’ve finally made his own deceased father proud. All around such an absolute tragedy, how it ended.