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It turns out members and trade creditors weren’t the only ones stiffed by AeroVanti. According to new Chairman and CEO Scott Hopes, the grounded Piaggio membership provider owes $19 million to professional sports teams for sponsorships, which were never paid.
AeroVanti’s website is back online, and it expects to have one or two airplanes flying within the next two weeks.
In a message to AeroVanti members, Scott Hopes told them, “It has been a long and challenging week. There is good news coming Monday, and a new administration, new board, and board chair will be announced.”
Members of AeroVanti believe Founder Patrick Britton-Harr used their money that was supposed to buy airplanes for expensive sports sponsorships and yachts.