Correction: ExcelAire Says Only Assets in Brazil Affected

AINalerts » November 10, 2006
November 13, 2006, 5:17 AM

According to ExcelAire, the Ronkonkoma, N.Y.-based charter company whose Embraer Legacy 600 was involved in the midair collision with a 737 over Brazil on September 29, a court in Brazil has issued a preliminary order, the purpose of which is to “render inalienable” any assets of ExcelAire that may be located in Brazil. “The practical effect of the order is limited to preventing the sale of the damaged Legacy jet,” according to the company. “By its terms, the preliminary order applies only in Brazil. It does not impact in any way any assets of ExcelAire in the U.S. or anywhere else in the world.” Yesterday’s issue of AINalerts carried an item from aviation security services firm ASI Group that said, according to media reports, all the assets of ExcelAire, as well as the assets of both Legacy pilots, had been temporarily seized. AINalerts regrets the error.

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