additional $1 billion in a secondary offering. The Adelsons also purchased 5.25 million shares of preferred stock as well as warrants to purchase 87.5 million shares of common stock at an exercise price of $6 each. March 2009: market capitalization sinks to approximately $1 billion at less than $2 a share due to general market declines and concern for the short-term financial health of the gambling industry. November 2009: Las Vegas Sands completed an initial public offering of its subsidiary Sands China Ltd., which owns and operates its Macau properties. The Corporation raised a total of $3.3 billion in equity capital by selling a 29% interest in Sands China Ltd. 2012: CEO Sheldon Adelson and his family owned approximately 53% of the company. Aircraft The Las Vegas Corporation operates private aircraft used primarily for charter transportation of executive directors and VIP guests of its properties. The Las Vegas Sands fleet is leased for charter purposes by Tradenda Capital AG (Lichtenstein), whose portfolio of companies includes Sands Aviation LLC and Interface Aviation LLC, the latter of which handles the personal affairs of the Adelson family. All operational Las Vegas Sands aircraft are based in Las Vegas at Harry Reid International Airport. The fleet includes the following aircraft (as of September 2022): Alleged anti-bribery violations In March 2013, the New York Times reported that the Las Vegas Sands Corporation had informed the U.S. Securities and Exchange Commission that the Corporation likely violated federal law against the bribery of foreign officials. The Company disputed these reports, stating in a press release:The company did not report any violations of the anti-bribery provisions of the FCPA, and it said news reports stating otherwise, such as the headline in today's New York Times which described the matter by saying 'Casino Says it Likely Cheated,' are both inflammatory and defamatory...in [the Company's] preliminary findings the company's Audit Committee had advised that there were 'likely violations' of the books and records and internal controls provisions (i.e. 'accounting provisions') of the FCPA. A potential violation of the accounting provisions could range anywhere from a single transaction recorded incorrectly to other errors in the accounting records. The company said it will vigorously defend itself against that type of uninformed and misleading reporting. Legal issues On May 31, 2016, Sands reached a financial settlement with former Sands China president Steve Jacobs, who sued the company in 2010 for breach of contract