Charter & Fractional
Avantair Owners Seek Possession of Piaggios from Bankruptcy Court

Owners of fractional shares in Piaggio Avanti twin turboprops operated by Avantair are trying to take possession of their aircraft in the wake of the August 16 court hearing that put the Clearwater, Fla.-based company into involuntary bankruptcy.

Owners have been seeking to locate and determine the condition of their aircraft and identify co-owners since Avantair announced cessation of operations on June 26 after a grounding of the fleet three weeks prior, and amidst reports that fleet aircraft had been “cannibalized” (FAA terminology) for parts. Avantair had provided no assistance in these efforts, owners have said, and at the hearing Judge Catherine McEwen of Florida Middle District U.S. Bankruptcy Court in Tampa ordered Avantair to facilitate contact among owners, according to an attorney at the hearing who requested anonymity.

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