Charter & Fractional
Owners Head for Exits as Avantair’s Prospects Dim
Avantair maintenance provider Teterboro Rams has filed liens on 41 of Avantair's aircraft in Bergen County Court in New Jersey. It is in possession of four and is seeking to auction them for unpaid maintenance work.
Avantair maintenance provider Teterboro Rams has filed liens on 41 of Avantair's aircraft in Bergen County Court in New Jersey. It is in possession of four and is seeking to auction them for unpaid maintenance work.

The future of Avantair, the operator of Piaggio Avanti fractional ownership, Axis Lease and Edge Card flight access programs, was hanging in the balance at the end of Friday as the Clearwater, Fla.-based company urgently sought restructuring options following its June 26 cessation of operations. The shutdown came after a June 6 fleet grounding that followed concerns about proper tracking of time-controlled parts, which the company apparently swapped among aircraft in a bid to maintain fleet availability.

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