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Evergreen International Aviation
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==Financial== Financial difficulties emerged in the 2000s due to reduced Department of Defense contracts and the loss of CIA business. In 2010, Evergreen lost its Boeing Dreamlifter contract to Atlas Air. Facing bankruptcy and tax investigations, Evergreen sold its helicopter division to Erickson Air-Crane for $250 million in 2013, providing temporary liquidity. However, on November 8, 2013, Evergreen International Airlines announced it would cease operations by November 29, with its final flight occurring on December 2, 2013. On December 31, 2013, Evergreen filed for Chapter 7 bankruptcy in Delaware, listing assets of $100 million and debts of $500 million across seven entities. By Smith’s death on November 7, 2014, the company’s assets were sold, shut down, or under investigation. The Oregon Department of Justice probed allegations of commingling funds between Evergreen’s for-profit and nonprofit arms, including the Evergreen Aviation and Space Museum, which continued operating independently.
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