Counsel to Aircraft Owners in Fractional Ownership Operator Bankruptcy

Owners of interests in Avantair, LLC
Representation of group of fifteen owners of fractional interests in an aircraft operated by Avantair, LLC, which ceased operations and was put into involuntary bankruptcy in Tampa, Florida, amid allegations of improperly tracking time-controlled parts on aircraft in its fleet. Because Avantair rotated engines and other life-limited parts among its aircraft, competing claims have emerged among various ownership groups. Our team commenced a declaratory judgment action to extricate the aircraft from the bankruptcy proceeding, thereby permitting the fractional owners to resolve any disputes regarding the aircraft in non-bankruptcy forums.
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Jeffrey I. Snyder

Jeffrey I. Snyder

Partner, Assistant General Counsel
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Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower's principal for bank fraud.

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