Michigan Flight School Assets Sold At Auction | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

Thu, Oct 27, 2011

Michigan Flight School Assets Sold At Auction

Six Airplanes Sold To The Highest Bidder After Company Fails

A flight school in Allegan, MI has come to something of an ignoble end, and its assets, including six airplanes, were sold at auction this week to cover its debts.

Dodgen Aircraft and Skykid Aviation were grounded earlier this month, their assets siezed by the bank that had financed them. The flight school owned six airplanes when the end finally came, but the Grand Rapids Press reports that one ... a 1974 Piper Warrior ... had no engine.

The bank had reportedly been working with Skykid Aviation for some time, trying to keep them flying. But in the end, the aircraft had to be repossessed and sold. Scott Miedema, the president of Miedema Auctioneering, said it was a pretty unusual repossession job. He told the paper that one of the airplanes was flying when he and representatives of the bank showed up at city-owned Padgham Field (35D) in Allegan. He said the owners of the business were "not happy," but understood the situation and handled it professionally.

Bidding opened on the airplanes at $5,000 each. All of the airplanes, as well as the other assets of the business were sold Tuesday.

FMI: www.orbitbid.com/items.cfm?auction=2053

Advertisement

More News

Aero-TV: Doing It Diesel Style -- Glasair's New Diesel Offering

Glasair Makes A Commitment To Alternative Powerplants ANN CEO and Editor-In-Chief, Jim Campbell saw and reported on a lot of interesting things at Sun ‘n Fun 2014, and one of>[...]

AeroSports Update: KR Gathering Planned For Chino, CA

The KR Is The Little Homebuilt Airplane That Sits So Low You Can Almost Step Over It But, In The Sky, It Can Get Up And Go The Official 2014 KR Gathering will be held on Friday Sep>[...]

AD: Viking Air Limited Airplanes

AD NUMBER: 2014-17-01 PRODUCT: Viking Air Limited Model DHC-3 airplanes.>[...]

Prop Wars! MT-Props v Hartzell In War Of Words

Gerd R. Muehlbauer Says 'Competitors' Claims Are Misleading In an open letter to the industry, MT-Propellers president Gerd R. Muehlbauer says that claims made by rival propeller m>[...]

AD: Dassault Aviation Airplanes

AD NUMBER: 2014-16-27 PRODUCT: Certain Dassault Aviation Model FALCON 900EX airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC