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.
The public auction for the assets of bankrupt Eclipse Aviation is scheduled for tomorrow, followed by the bankruptcy court’s selection of the winner on Friday. Some interested parties have visited Eclipse recently, according to an Eclipse spokeswoman.
The DOT’s plan to auction a single round-trip slot at Newark Liberty International Airport on September 3 sets a perilous precedent U.S. regional airlines can ill afford to let stand, according to Regional Airline Association (RAA) president Roger Cohen.
Dee Howard, the San Antonio-based heavy maintenance, repair and aircraft modification company in business since 1947, is being auctioned. According to CEO Jim Malone, Dee Howard filed for Chapter 11 protection in mid-February and the due diligence phase is now in progress, with all bids due by April 15. The winning bid is expected to be announced on April 18 and subsequently sent to a Federal Bankrupcy Court for approval.
If an “acceptable bid” for the bulk assets of bankrupt Adam Aircraft isn’t received by the end of today, then the aircraft manufacturer’s individual assets will be sold in an online auction later this month by GoIndustry-DoveBid. Englewood, Colo.-based Adam Aircraft, which filed Chapter 7 bankruptcy on February 15, is being offered as an “enterprise sale” with bids in excess of $10 million due today by 5 p.m.
The Greek government may have found a buyer for the Falcon 900B in which seven people were killed during a series of severe oscillations on Sept. 14, 1999. Two previous auctions failed to attract interest. But last month Liberia-based Elyzee Enterprises may have secured the purchase with its $5.5 million bid. The aircraft, minus its tail and engines, has been at Transairco at Geneva Airport since November 2000.
Eclipse Aviation has placed a second Eclipse 500 very light jet, S/N 082, on the auction block. The online eBay auction began yesterday at 11 a.m. EST and will conclude at 8 p.m. on November 29. Bidding began at 95 percent of the aircraft’s retail value of $1,844,804.30, and bidders must pre-qualify with a $5,000 refundable deposit. The aircraft will be ready for customer delivery early next month.
Albuquerque-based very light jet maker Eclipse Aviation delivered on a plan devised seven years ago when the company put one of its early production aircraft on the auction block last month.
Sporty’s Pilot Shop, holder of Cessna Mustang position number 13, has decided it will raffle its new VLJ and donate the funds to the Sporty’s Foundation. The foundation was started in March of this year to help fund aviation education and safety programs, with an emphasis on attracting young people to the industry.
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