Regulations and Government
Auction Raises Several Million for Bankrupt Avantair
There were nearly 900 lots up for sale at the Avantair bankruptcy auction on January 10, and items for sale included Piaggio Avanti control surfaces and interior components.
There were nearly 900 lots up for sale at the Avantair bankruptcy auction on January 10, and items for sale included Piaggio Avanti control surfaces and interior components.

A no-reserve auction held on Friday in a warehouse just a mile from Avantair’s former Clearwater (Fla.) Airport headquarters raised a “couple of million” dollars for the estate of the bankrupt fractional aircraft company, according to auctioneer Starman Bros. Auctions. Citing rules under bankruptcy laws, auctioneer president Steve Starman told AIN that he couldn’t provide a more detailed account of the funds raised.