Charter & Fractional
Avantair Unveils Details of ‘Go-forward’ Plan
Avantair ceased operations in late June, seeking new financing. If it implements its ‘go-forward plan’ the company expects it could resume operations early next month. (Photo: Matt Thurber)
Avantair ceased operations in late June, seeking new financing. If it implements its ‘go-forward plan’ the company expects it could resume operations early next month. (Photo: Matt Thurber)

On Wednesday, Avantair sent out its “go-forward plan” for “NewCo,” the working name for a reborn Avantair, that would first seek to “restructure and stabilize the business” as a mostly East Coast-only fractional provider. Under the plan, the company’s debts would be wiped out, though the plan does not specify how that will be accomplished.