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Air California controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 1973

    Westgate-California financial and governance crisis

    Air California’s controlling parent, Westgate-California Corporation, was associated with investigations into C. Arnholt Smith’s wider business empire. The Securities and Exchange Commission sought receivership, auditors withdrew certification of certain accounts, trading in related shares was halted, and Westgate later entered bankruptcy. These events complicated proposed transactions involving Air California but did not immediately end the airline’s operations.

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