Avantair

September 11, 2014 - 3:40pm

Business aircraft flying in the U.S. rose for the ninth straight month, climbing 0.9 percent last month versus a year ago, according to data released today by aviation services company Argus. For this month, Argus estimates that flying will increase by 2.7 percent year-over-year.

For the first time this year, fractional flying led the pack, climbing 5.5 percent last month versus a year ago. Part 135 charter flight activity grew by 0.8 percent year-over-year, while Part 91 flying was nearly flat, falling 0.1 percent.

July 5, 2014 - 4:45am

John Bingham, who has been president and CEO of Piaggio America and chief marketing officer at parent company Piaggio Aero Industries since 2009, left the company on May 30. The company said the move was a planned departure, but was delayed until after it had announced the upgraded Avanti Evo at EBACE in mid-May. Giuliano Felten, Piaggio Aero’s executive senior vice president of civil sales, took over as president and CEO of Piaggio America early last month.

June 12, 2014 - 3:12pm

Business aircraft flying trended positive last month in every operating category and all jet segments, according to TraqPak data released yesterday by aviation services company Argus. Overall, activity climbed by 1.9 percent year-over-year in May.

For the first time this year, Part 91 operators led the way, with flying up by 2.3 percent in this operating segment versus a year ago. Part 135 activity wasn’t far behind, rising 1.9 percent from May last year, while the fractionals eked out a 0.2-percent gain.

May 13, 2014 - 4:16pm

Though TraqPak data released today by aviation services company Argus indicates that business aircraft flying continued its upward trend last month, climbing 1.4 percent year-over-year, this wasn’t the big news. “The bigger story was the turnaround in the fractional market, which posted the first year-over-year increase since September 2011,” Argus said.

April 16, 2014 - 12:01am

Over the past several years, Piaggio has increased its worldwide service network and committed to expansion in the Asia Pacific region. In furthering these initiatives, the airframer on Tuesday designated Tianjin International Airport-based Freesky Aviation as its first authorized service center on mainland China.

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 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.

December 26, 2013 - 11:00am

The assets of bankrupt fractional provider Avantair will be auctioned off next month at a warehouse about a mile from the company’s former headquarters at St. Petersburg-Clearwater International Airport in Florida. According to court documents, the auction is being held off-site from its headquarters to address airport security concerns, especially since the building is adjacent to a National Guard air unit.

December 1, 2013 - 2:30am

Piaggio Avantis formerly in the Avantair fleet, stripped of their airworthiness certificates (ACs) by the FAA in the wake of the August bankruptcy of the Clearwater, Fla.-based fractional program operator, now have approved paths to recertification.

 
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