Auction theory

June 19, 2014 - 3:05pm

The NBAA/Corporate Angel Network (CAN) soirée committee announced today that a private concert by legendary band Three Dog Night will be the capstone to this year’s Soirée. This year’s event to benefit CAN, the industry charity that arranges for cancer patients to fly to treatment in empty seats on business aircraft, will be held Wednesday, October 22, at the Hyatt Regency Orlando Ballroom as part of the 2014 NBAA Convention.

April 6, 2014 - 1:40am

Empty Leg Market, the web-based service that aims to help charter operators fill empty flights with paying customers, plans to develop a tool to help buyers understand business aircraft charter costs to make the most of the company’s name-your-price feature. A recent analysis of how potential customers are using the bidding feature revealed that 50 percent of potential buyers dropped out at the point where they would have to enter an amount to bid on an empty leg.

February 25, 2014 - 6:00pm

“It’s a great feeling giving away 19 scholarships worth near $55,000 to deserving men and women who want to be part of the helicopter industry,” said Marty Pociask, who for four years now has been vice president and curator of Helicopter Foundation International (HFI), the non-profit foundation supported by HAI. Pociask is here at Heli-Expo both to run the silent auction, raising funds for next year’s scholarships and to organize the Heritage Display of Helicopters in the exhibit hall.

February 1, 2014 - 4:10am
Avantair auction

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.

January 17, 2014 - 5:02pm
Avantair auction

While my primary job was to be an observer at the Avantair bankruptcy auction–which was held in a warehouse just a mile from the company’s former Clearwater (Fla.) Airport on Friday, January 10–I was also a participating bidder. Bidder number 156 to be exact.

January 16, 2014 - 1:35pm
No-reserve auction held at Avantair's former Clearwater (Fla.)

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.

January 7, 2014 - 3:05pm

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.

October 30, 2012 - 12:30pm

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.

April 6, 2010 - 12:10pm

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.

January 13, 2009 - 10:45am

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.

 
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