Drax Group in 2002. Many companies experienced financial problems, and Drax Power Station’s major customer went into administration, triggering financial difficulties for Drax. Following a series of standstill agreements with its creditors, the AES Corporation and Drax parted company in August 2003. During the restructuring, a number of bids were received from companies wishing to take a stake in the ownership of Drax, but creditors voted overwhelmingly to retain their interest in Drax. In December 2003, the restructuring was completed and Drax came under the ownership of a number of financial institutions. Almost exactly two years later, on 15 December 2005, Drax
Hugo Drax for the Soviets, who provide him with not only the atomic bomb, but the support and logistics to use it. Fleming used aspects of his private life to create Drax; Fleming named the character after his acquaintance Admiral Sir Reginald Aylmer Ranfurly Plunkett-Ernle-Erle-Drax. Other elements of the plot came from Fleming's knowledge of wartime operations carried out by T-Force, a secret British Army unit formed to continue the work of 30 Assault Unit, itself created by Fleming. In the film adaptation, Hugo Drax is a billionaire who owns "Drax Industries", a private company which constructs space shuttles for NASA. Unlike