Piaggio Avanti Fractional Provider Avantair Shuts Down and Furloughs Employees – Seeks New Financing

Clearwater, Florida based Piaggio Avanti fractional provider Avantair shut down and furloughed employees as it “seeks alternative financing arrangements that it hopes will enable it to resume operations as quickly and efficiently as possible,” according to a June 26 8-K SEC filing. The company also received notice on Monday of a customer class-action lawsuit and is…

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