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.
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.
Piaggio Avantis formerly in the Avantair fleet, stripped of their airworthiness certificates (ACs) by the FAA in the wake of the August bankruptcy of the Clearwater, Fla.-based fractional program operator, now have approved paths to recertification.
Business aircraft activity last month climbed to its highest level since 2008, rising 1.8 percent from a year ago, according to TraqPak data released yesterday by aviation services company Argus. This marks the fourth year-over-year increase this year.
Sky Limo Air Charter of Fort Lauderdale, Fla., announced receiving FAA approval on Monday to place an ex-Avantair Piaggio Avanti (N306MS) on its Part 135 charter certificate, as well as the successful completion of the first charter flight with the aircraft yesterday. N306MS is one of five Avantis repossessed by Avantair creditor Midsouth Services before the Clearwater, Fla.-based fractional company entered bankruptcy.
Piaggio Aero Industries, Italian manufacturer of the P.180 Avanti II twin turboprop, and ACEA (Beijing) Aviation Investment Co., exclusive distributor for the aircraft in Mainland China, signed a contract here at NBAA 2013 yesterday with SR Jet, a division of Beijing-based Sparkle Roll Investment Holdings, for the purchase of two Avanti IIs with options for an additional eight.
The first of 56 Avanti P.180 turboprop twins from the former fleet of bankrupt Avantair has had its airworthiness certificate revalidated by the FAA, Italian aircraft manufacturer Piaggio told AIN yesterday at NBAA 2013. Avantair was grounded in June, and the airworthiness certificates for all of its aircraft were revoked by the FAA, due to lax maintenance.
“Nose-to-tail” aircraft MRO and completions specialist Stevens Aviation is here at NBAA to announce several new service initiatives. A service provider for Beechcraft, Bombardier, Cessna, Embraer, Gulfstream, Piaggio and Pilatus, Stevens provides services ranging from aircraft painting to engine overhauls at five locations (Greenville and Greer, S.C.; Dayton, Ohio; Nashville, Tenn.; and Denver, Colo.) It has 124 technicians network-wide, with nine of them having earned “FAA Technician of the Year” honors.
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