“It’s a great feeling giving away 19 scholarships worth near $55,000 to deserving men and women who want to be part of the helicopter industry,” said Marty Pociask, who for four years now has been vice president and curator of Helicopter Foundation International (HFI), the non-profit foundation supported by HAI. Pociask is here at Heli-Expo both to run the silent auction, raising funds for next year’s scholarships and to organize the Heritage Display of Helicopters in the exhibit hall.
A no-reserve auction held on January 10 in a warehouse just a mile from Avantair’s former Clearwater (Fla.) Airport headquarters raised a “couple of million” dollars for the estate of the bankrupt fractional aircraft company, according to auctioneer Starman Bros. Auctions. Citing rules under bankruptcy laws, auctioneer president Steve Starman told AIN that he couldn’t provide a more detailed account of the funds raised. The counsel for Avantair’s bankruptcy trustee didn’t respond to AIN’s queries asking for a more accurate figure.
While my primary job was to be an observer at the Avantair bankruptcy auction–which was held in a warehouse just a mile from the company’s former Clearwater (Fla.) Airport on Friday, January 10–I was also a participating bidder. Bidder number 156 to be exact.
A no-reserve auction held on Friday in a warehouse just a mile from Avantair’s former Clearwater (Fla.) Airport headquarters raised a “couple of million” dollars for the estate of the bankrupt fractional aircraft company, according to auctioneer Starman Bros. Auctions. Citing rules under bankruptcy laws, auctioneer president Steve Starman told AIN that he couldn’t provide a more detailed account of the funds raised.
Starman Brothers Auctions has released the time and address for Friday’s auction of assets from bankrupt Avantair. The auction will start at 9 a.m. at 13000 Automobile Boulevard, Suite 501, in Clearwater, Fla., with a preview day on Thursday at the same site. The auctioneer’s website has a complete listing of assets to be sold, including Piaggio Avanti fuselages, aircraft tugs, golf carts, automobiles, a custom motorcycle and various aircraft parts, shop equipment, office furniture and computers.
The NBAA/Corporate Angel Network (CAN) auction is heating up, with some tantalizing items on which to bid. The auction, held tonight at the NBAA/CAN Evening with Angels at the Peabody Hotel here in Orlando, benefits CAN’s airlift of cancer patients nationwide.
U.S. judge Randall Dunn on Friday ruled that China Aviation Industry General Aircraft Co. (CAIGAC) will be the winning bidder for the assets of bankrupt turboprop kit manufacturer Epic Air, but only if it licenses bidder LT Builders Group to manufacture Epics in Bend, Ore., according to a report in The Oregonian, which has been attending the Epic hearings.
The public auction for the assets of bankrupt Eclipse Aviation is scheduled for tomorrow, followed by the bankruptcy court’s selection of the winner on Friday. Some interested parties have visited Eclipse recently, according to an Eclipse spokeswoman.
The DOT’s plan to auction a single round-trip slot at Newark Liberty International Airport on September 3 sets a perilous precedent U.S. regional airlines can ill afford to let stand, according to Regional Airline Association (RAA) president Roger Cohen.
Dee Howard, the San Antonio-based heavy maintenance, repair and aircraft modification company in business since 1947, is being auctioned. According to CEO Jim Malone, Dee Howard filed for Chapter 11 protection in mid-February and the due diligence phase is now in progress, with all bids due by April 15. The winning bid is expected to be announced on April 18 and subsequently sent to a Federal Bankrupcy Court for approval.
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