Charter & Fractional
Trustee Follows the Money at Bankrupt Avantair
Avantair’s Clearwater, Fla. headquarters are currently secured by the bankruptcy trustee. In this photo, the company welcomes employees back to work after last year’s three-week grounding.
Avantair’s Clearwater, Fla. headquarters are currently secured by the bankruptcy trustee. In this photo, the company welcomes employees back to work after last year’s three-week grounding.

The assets of Clearwater Fla.-based Avantair will be sold and the company liquidated after it failed to meet an August 13 deadline to contest an involuntary Chapter 7 filing in the Florida Middle District U.S. Bankruptcy Court in Tampa. Judge Catherine McEwen signed an order during a hearing on August 16 authorizing the case to proceed under Chapter 7.