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Elvis Presley — Part 10
Page 10
10 / 74
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o *, “he
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Regarding the acquisition of the Jet Star,
was aware PRO obtained more financing than the aircra
was worth. He stated that approximately 1.2 milifon dollars
was received from the bank on the purchase of the aircraft, .
although the worth of the Jet Star o ximated oe °
-* -+ three quarters of a million dollars did not know nV
where the approximate $450,000 difference was Gisbursed by b
RO. . . ° eo
SED 212125 PRO utilized the ‘aircraft more .
for personal pleasure than for the earning of income from
Customers. For that matter, a number of trips authorized
by PRO resulted in negative earnings; PRO merely wanted to
create cash flow im the company. . .
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