Word: learavia
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Dates: during 1980-1989
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...directors turned down his demands that the aircraft-instrumentation firm build jets. In 1967, when sales initially failed to take off, he sold Lear Jet Industries Inc. to the Gates Rubber Co. Two years before he died of leukemia in 1978 at age 75, Lear started a new firm, LearAvia, in Reno, to manufacture a turboprop corporate jet that he had designed. On his deathbed, Lear asked his wife Moya, now 65, and Company President Samuel Auld, 55, to use the proceeds from his estimated $100 million estate to complete work on the Lear...
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