“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 assets of bankrupt fractional provider Avantair will be auctioned off next month at a warehouse about a mile from the company’s former headquarters at St. Petersburg-Clearwater International Airport in Florida. According to court documents, the auction is being held off-site from its headquarters to address airport security concerns, especially since the building is adjacent to a National Guard air unit.
EmptyLegMarket has launched a new iPhone app with a name-your-price bidding feature for charter flights. The app allows users to enter the desired trip, the amount of the bid and payment information. Participating charter operators can elect whether or not to accept the bid. “The goal is to use empty legs or transient airplanes that are just sitting,” said EmptyLegMarket founder Elliott Schwartz. “It simplifies the chartering process so you can understand what the customer is willing to pay.”
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.
An evidentiary hearing was scheduled today to determine the winner of an auction held last Friday for the assets of bankrupt Epic Air and its sister companies. Bidders were China Aviation Industry General Aircraft Co. (CAIGAC), Harlow Aerostructures and LT Builders Group. CAIGAC’s all-cash bid of $4.3 million was highest, followed by Harlow’s bid of $4 million.
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