AeroVanti faces $50 million in liabilities as it plots restart


Grounded AeroVanti wants to get back in the air by placing its aircraft with third-party charter operators. It owes $19 million for unpaid sports sponsorships

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 seeks to raise $9.75 million to fund expansion


After a bumpy start, as-available Piaggio membership program AeroVanti is now fulfilling 90% of flights at requested times, says its CEO

Start-up private aviation membership provider AeroVanti yesterday said it had engaged Network1 Financial Securities Inc. to raise $9.75 million in a Series A round.

AeroVanti acquires Part 135 operator Marjet


Start-up AeroVanti has been teasing an operator acquisition since its breakup with Brazos Valley Air Charter last September

Piaggio P.180 membership program AeroVanti has finally closed on its long-awaiting Part 135 operator acquisition.

AeroVanti boosting hourly rates Jan. 1


Start-up Piaggio P.180 provider AeroVanti is increasing hourly rates by $500 and says it still plans acquisitions

AeroVanti will increase hourly rates on Jan. 1. At that time, hourly pricing east of the Mississippi goes to $2,450 from $1,950. Its flights west of the Mississippi will continue to carry a $500 surcharge.

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