Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

The owner and operator of Shelby Enterprises of Suffern, N.Y. has entered a guilty plea in U.S. District Court in connection with an aircraft parts laundering scheme involving the sale of approximately $3 million in scrapped jet engine parts, according to U.S. Attorney Paul Fishman. Fishman said that from April 2005 to August 2009 Carmine Coviello used Shelby Enterprises to purchase used jet engine blades and vanes from scrap metal dealers and had them grit-blasted and blended at a metal shop to conceal that the parts had been scrapped. In some cases, read the ­indictment, the parts had already been deemed non-repairable and therefore not airworthy by FAA-certified repair stations. It was charged that Coviello then sold the illegally repaired blades and vanes to Tara Aviation of Ridgefield, N.J. The sales, “in the approximate amount of $3 million, occurred only on paper. The parts never changed hands.” Coviello faces a maximum penalty of 20 years in prison and a fine of $250,000 or twice the gross gain or loss caused by his offense, whichever is greater.

Broker Pleads Guilty to Parts Laundering

The owner and operator of Shelby Enterprises of Suffern, N.Y.

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