Multiple in-flight emergencies  

The multiple in-flight emergencies are absolutely true.

The fractional airline was Avantair which was eventually shut down by the FAA when they uncovered a hangar filled with Piaggio aircraft that were in various forms of disassembly because parts were being cannibalized to keep other aircraft running. Mechanics covered it all up to keep aircraft in the air.

In the end, I think only five aircraft were functional and none of the fractional owners knew what was going on but they weren't getting the flights they paid for. I personally experienced two engine failures including one on take-off. An elevator fell off the tail during take-off from Camarillo, CA, the pilot landed in San Diego without noticing, flew to Palm Springs where the First Officer noticed the missing elevator which was later located on the runway in Camarillo. That was the beginning of a domino effect that eventually led to FAA inspectors discovering the hangar of aircraft carcasses.

https://fractionallaw.com/wp-content/uploads/2019/06/BCA-Avantair-Failure-2014-05.pdf