Taughannock Aviation copes with bad times | Aviation International News

Charter & Fractional

Taughannock Aviation copes with bad times

At Taughannock Aviation, an FBO and charter operation tucked away in a corner of Tompkins County Airport near the bucolic, university dominated central New

By AIN Staff • AIN Staff

May 7, 2008

At Taughannock Aviation, an FBO and charter operation tucked away in a corner of Tompkins County Airport near the bucolic, university dominated central New York town of Ithaca, bankruptcy is a topic of daily conversation. But there’s no sense of panic. Company president Bob Thomas hastens to explain that he is referring to “other people, not us.” And he isn’t joking.

In the last year, three of the company’s clients have filed for Chapter 11 bankruptcy protection, a fourth filed Chapter 7 and went out of business, a fifth simply shut its doors and a sixth has defaulted. In unpaid bills, the six have left Taughannock’s revenue stream about $200,000 short.

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