Avantair, Inc - AAIR

Avantair, Inc. provides private aviation services primarily in North America. The company engages in the sale of fractional ownership interests; lease of flight hours; and sale of flight hour cards for the usage of professionally piloted aircraft for personal and business use. It also manages aircraft fleet; offers aircraft related management and maintenance services; and provides limited fixed based operation services in Clearwater, Florida, and Camarillo. In addition, the company offers pilots, maintenance, fuel, and hangar space for the aircraft under management and maintenance agreements with fractional owners and lessees. As of September 28, 2012, it managed a fleet of 57 aircrafts. Avantair, Inc. was founded in 2003 and is headquartered in Clearwater, Florida. On July 25, 2013, an involuntary petition for liquidation under Chapter 7 was filed against Avantair, Inc. in the U.S. Bankruptcy Court for the District of Delaware. On August 16, 2013, the involuntary petition was approved by the Court.