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.
New AeroVanti CEO Scott Hopes told members today there could be as much as $31 million in flight credit liabilities
AeroVanti’s website is back online, and it expects to have one or two airplanes flying within the next two weeks.
Scott Hopes says he is now CEO of AeroVanti, and it has received a funding infusion to move forward with new management
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.”
The Justice Department believes AeroVanti Founder Patrick Britton-Harr used money from an illegal medical billing scheme to start his private jet company
Members of AeroVanti believe Founder Patrick Britton-Harr used their money that was supposed to buy airplanes for expensive sports sponsorships and yachts.