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 Hugo Drax Sir Hugo Drax is a fictional character created by author Ian Fleming for the 1955 James Bond novel "Moonraker". Fleming named him after his friend, Sir Reginald Drax. For the later film and its novelization, Drax was greatly altered from the novel by screenwriter Christopher Wood. In the film, Drax is portrayed by English/French actor Michael Lonsdale. In both the novel and film, Drax is the main antagonist. In the novel Sir Hugo Drax is an English World War II hero, believed to have been working in Liverpool harbour before the war, who became a post-war millionaire. He