New Jersey-based Part 145 repair station Teterboro Rams, which has mechanics’ liens on four ex-Avantair Piaggio Avanti turboprops in its possession, is “in negotiations with two groups [of owners] to release two of the aircraft,” Rams co-owner Dennis Espinosa told AIN. The FAA revoked the airworthiness certificates of all 56 ex-Avantair Avantis not long after the fractional provider was declared insolvent in late July.
Espinosa said owner groups of two of these aircraft will have the Piaggio Aero factory inspection team comply with Service Bulletin 80-0409, which was issued two weeks ago and outlines the recertification requirements for the ex-Avantair Avantis. The owners of the other two Avantis in Rams’ possession are “kind of in disarray,” he said, and if no agreement is reached beforehand, the company intends to seek approval in Bergen County Court on October 15 to auction the aircraft.
The bankruptcy judge overseeing Avantair’s liquidation recently removed a stay that had prevented Rams from auctioning the aircraft this month, as initially planned. “We’ll get the date of the auction from the sheriff’s department after the October 15 hearing,” Espinosa said.