American Falcon (IATA: WK, ICAO: AFB, and Callsign: AMERICAN FALCON) was an airline based in Buenos Aires, Argentina. Its main base was Ezeiza International Airport, Buenos Aires. The airline under the management of L'Emir Fayez Chehab, its CEO, failed to generate enough revenue to cover its operating costs for many years, had a large negative net worth and could not meet its debts to many parties, including its employees, insurance, airplane maintenance vendors and airplane lessors. The airline finally failed and filed for bankruptcy in Summer 2005. IATA airline designators, sometimes called IATA reservation codes, are two-character codes assigned by the International Air Transport Association (IATA) to the worlds airlines in accordance with the provisions of Resolution 762. ... It has been suggested that this article or section be merged with ICAO airline code. ... Most airlines employ a distinctive and internationally recognised call sign that is normally spoken during airband radio transmissions as a prefix to the flight number. ... An Airbus A380 of Emirates Airline An airline provides air transport services for passengers or freight. ... For other uses, see Buenos Aires (disambiguation). ... Ministro Pistarini International Airport De Ezeiza, commonly known as Ezeiza , is located in a suburb of Buenos Aires and serves the city as Argentinas largest international and domestic gateway. ...

Fayez Chehab, its CEO and Willis Chrans, a U.S. director have been sued by investors in U.S. Federal District Court for violation of Racketeering and Conspiracy laws "RICO" and securities fraud, among other allegations in a 21-count lawsuit. The RICO counts were dismissed by the court and the case continues as a U.S. Federal Securities Fraud case, among other counts.

History

The airline was established in 1996 and started operations in 1998. It started as a charter airline with wet-leased aircraft from LADE - Lineas Aereas Del Estado. In May 2004 it resumed scheduled domestic flights between Buenos Aires and Iguazu and plans services to Córdoba and Mendoza. American Falcon is owned by alleged co-conspirator Fayez Chehab (95%) and Elvira Tavela (5%). Chehab has been named in a 21-count complaint filed in US District Court alleging a conspiracy to defraud US investors. 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean [1]. // Coated in ice, power and telephone lines sag and often break, resulting in power outages. ... LADE - Lineas Aereas Del Estado is an airline based in Buenos Aires, Argentina. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Iguaçu Falls Iguaçu Falls For the cities where the falls are located, see Foz do Iguaçu, a major city located in the Brazilian state of Paraná Puerto Iguazú, a city located in the Argentinian province of Misiones. ... Córdoba is a city located near the geographical center of Argentina, in the foothills of the Sierras Chicas mountains on the Suquía River, about 700 km west-northwest from Buenos Aires. ... Gates of General San Martín Park Mendoza is a city in the west of Argentina, and the capital of the Mendoza Province. ...

The company filed a Concurso, or the Argentine equivalent to a Chapter 11 Reorganization on May 20, 2005.

American Falcon ceased operations in July, 2005 after its insurance was cancelled for non-payment.

On September 1, 2005, Fayez Chehab, the CEO and Willis Chrans, a U.S. Director on the board of American Falcon, Bank of Springfield, Springfield, Illinois, Michael McGlasson, President of Bank of Springfield and James Kelley, Senior Vice President of Bank of Springfield, Steven Bentley, CPA, Donald Mallette and Dr. Randolph Martin were sued by investors of American Falcon in U.S. Federal District Court, Central District of Illinois in a 104 page civil complaint, alleging among other counts, violation of the Federal Racketeer Influenced and Corrupt Organizations Act (“RICO”). According to the complaint, over the past 4 years, American Falcon has net losses exceeding U.S. $24 million and U.S. investors face losses exceeding $6 million as a result of fraud and misrepresentation and other allegations, including the cancellation of the U.S. investors' shares by Fayez Chehab. ALL COUNTS OF "RICO" CHARGES HAVE BEEN DISMISSED BY THE COURT ON DECEMBER 20, 2005 AND THE ONLY CRIMINAL CHARGES EXISITING UP TO THIS DATE ARE THOSE FILED IN ARGENTINA BY MR. FAYEZ CHEHAB AND BY AMERICAN FALCON AGAINST EM.CAPITAL, ITS CEO SETH FREEMAN?, DR. CHRISTOPHER MALLAVARAPU AND DR; THOMAS BARON FOR COUNTS OF THEFTS, ATTEMTETED THEFTS, BLACKMAIL, ATTEMPTED ILLEGAL TAKE OVER OF THE COMPANY AND INTERFERING IN AN ONGOING SALES AGREEMENT WITH THIRD PARTY. ALTHOUGH MR. FAYEZ CHEHAB HAVE BEEN NAMED IN THE MENTIONE LAWSUIT, NO ATTEMPT HAVE BEEN MADE TO NOTIFY HIM SO THAT HE MAY DEFEND HIMSELF AGAINST THOSE ACCUSATIONS. MR. SETH FREEMAN LURED THOSE DOCTORS TO FILE A LAWSUIT FOR HIS OWN BENEFI AND THE BENEFIT OF HIS COMPANY EM CAPITAL USING THIS CASE AS A PUBLICITY. PROOF CAN BE FOUND IN EM CAPITAL WEB PAGE. (APRIL 24, 20

Services

In July 2005, American Falcon ceased operations of its scheduled domestic and international passenger charter flights.

Fleet

As of January 2005, the American Falcon fleet consisted of 2 Boeing 737-200 aircraft AND ONE FOKKER F-28 The two aircraft were leased from U.S. companies. The Boeing 737 is the worlds most popular medium to long range, narrow body commercial passenger jet aircraft. ...

External links

• American Falcon