Celebrated private air service firm faces backlash from jilted members, investors

A private air service company partially based in Sarasota and with a membership model that costs up to $150,000 a year is fighting for survival as it faces a litany of accusations it has defrauded members out of hundreds of thousands of dollars and seen its fleet grounded and planes repossessed.  

The troubles have gotten so bad for the company, AeroVanti Aviation, that the industry executive named CEO and charged with turning the company around isn't even sure when he will start.