The 84-year-old former Pan Am pilot and stock-market investor tried to get his fellow retirees to pony up $1 million to help save the struggling airline. When no one would chip in, Bierer wrote his own check for $400,000, which the company will use to buy pilot-training computers.
To continue reading: or Log-In
Want the full story?
Get TIME the way you want it
Week Digital Pass — $4.99
Pay-As-You-Go DIGITAL ACCESS — $2.99
Year ALL ACCESS — Just $30! Best Deal!
Print Magazine + Digital Edition +
Subscriber-only Content on TIME.com
Learn more about the benefits of being
a TIME subscriber
If you are already a subscriber sign up — registration is free!