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
James Drax 1662, and was buried in the parish of St. John Zachary, London. After his death, his son Henry continued to own and manage the family estate in Barbados. T James Drax Sir James Drax (d. 1662) was a Barbados plantation owner who accumulated extraordinary wealth as a pioneer of the sugar trade in the English colonies. The Caribbean sugar plantations established by James Drax and those who followed his example would be at the epicenter of the growing British and French empires, helping to fuel economic growth and imperial expansion. James Drax was the son of William Drax, a gentleman