Avantair Grounds Piaggios, Furloughs Workers »
Florida-based fractional Avantair employs about 500 people, is the target of a class-action lawsuit, and Wednesday said that it is furloughing pilots and workers while seeking financing to keep its aircraft and continue operations. Last summer, a company Piaggio Avanti turboprop lost its left elevator during flight and landed safely with passengers on board. And the company has grounded its entire fleet twice in the past eight months to conduct safety reviews. As the company was filing with the U.S. Securities and Exchange Commission, Wednesday, employees learned through a company letter that they would not be paid for their work since June 8. More
