Owners of fractional shares in Piaggio Avanti twin turboprops operated by Avantair are trying to take possession of their aircraft in the wake of the August 16 court hearing that put the Clearwater, Fla.-based company into involuntary bankruptcy.
Regulations and Government » Government
News about governmental decisions affecting aviation and aerospace.
The assets of Clearwater Fla.-based Avantair will be sold and the company liquidated after it failed to meet an August 13 deadline to contest an involuntary Chapter 7 filing in the Florida Middle District U.S. Bankruptcy Court in Tampa. Judge Catherine McEwen signed an order during a hearing on August 16 authorizing the case to proceed under Chapter 7.
The alphabets are angry. Reflecting the growing frustration of their members, presidents of the trade associations tasked with representing general aviation interests showed up at this year’s EAA AirVenture with both barrels loaded full of criticism for the FAA and for the congressional oversight of the agency. The rhetoric was a marked shift from the traditional message of cooperation with the FAA.
Jet Aviation added the 101st client for its European Union Emissions Trading System (EU-ETS) management support services. Since the EU-ETS trading phase started earlier this year, Jet Aviation began offering EU-ETS management support services to help its customers seamlessly comply with the regulations and avoid non-compliance fees. “Our turnkey compliance solution is particularly helpful to small operators who don’t have in-house staff to ensure they are complying with the EU-ETS requirements,” said Matthias Gruber, manager of Jet Aviation’s EU-ETS services.
The FAA released its final policy last week regarding the procedures for allowing aircraft owners and operators to have their flight information blocked from online flight tracker sites.
The Federal Aviation Administration named a top former U.S. Air Force general as its new assistant administrator for NextGen, the agency’s ambitious and costly program to modernize the nation’s ATC system.
On Tuesday, the judge overseeing the Avantair bankruptcy case approved a motion for trustee Beth Ann Scharrer to begin examinations of Avantair CEO Steve Santo, CFO Bret Holmes, president David Haslett, associate general counsel Tom Palmiero, executive vice president Kevin McKamey and executive vice president of finance and operations Stephen Wagman “to obtain any and all documents in [their] possession related to the assets, liabilities and business operations of [Avantair].”
FAA Administrator Michael Huerta will speak at the opening general session of the 2013 NBAA Convention on October 22 in Las Vegas, the association announced yesterday. “We are pleased to welcome Administrator Huerta to our 2013 convention, and we look forward to hearing his thoughts and perspectives on the issues of greatest concern to the industry,” said NBAA president and CEO Ed Bolen.
FBO operator Saker Aviation Services filed a lawsuit against its landlords at Wilkes-Barre Scranton (Pa.) International Airport, claiming contract violation when the airport board failed to renew its lease and awarded a 15-year lease on the property to Aviation Technologies. According to Saker, the airport awarded the contract to Aviation Technologies without Saker’s ever being informed of the specifics of the competing offer or being given the opportunity to match it, which it says is required under the contract terms.
Clearwater Fla.-based Avantair’s assets will be sold off and the company liquidated after it failed to meet a deadline last week to contest an involuntary Chapter 7 filing in the Florida Middle District U.S. Bankruptcy Court in Tampa. Judge Catherine McEwen signed an order on Friday converting the case to full Chapter 7 status and gave former fractional provider Avantair until this Friday to provide the court with a list of creditors, co-debtors and unexpired leases. The court has also given Avantair’s creditors until December 18 to file a claim.