Former Aviation Company To Be Liquidated Through Receiver’s Online-Only Auction

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Assets of Snow Aviation International Hit “Virtual Auction Block

Snow Aviation International

Auction staff has already uncovered aircraft and parts from groups in Brazil, Chile and throughout the US.

United Country – Gryphon Realty & Auction Group will liquidate remaining assets of Snow Aviation International, Inc., during an online-only auction event through Tuesday, Dec. 13. Founded in 1986, Snow Aviation was formerly a national leader in the retrofitting of C-130 cargo planes but fell victim to the recent economic downturn and changes within the aviation industry.

This offering includes office assets, two hangers full of aviation tools, equipment and parts such as tugs, aircraft tires, maintenance platforms, hand and power tools, plus a full metal shop.

"The auction team has yet to complete sorting through all of the items available for liquidation and are in the process of identifying ownership of items consigned to the company. Auction staff has already uncovered aircraft and parts from groups in Brazil, Chile and throughout the US" stated Richard Kruse, the receiver appointed to oversee disposition of the assets of the company.

“The online-only auction format is a great way for bidders around the world to participate in an auction of assets located in Columbus, Ohio,” said Peter Gehres, vice president of United Country – Gryphon Realty & Auction Group. “Buyers can bid on these items and determine their fair market value from the comfort of their own homes or offices.”

The auction will take place online at http://www.gryphonauction.com. A preview of the assets is scheduled for Friday, Dec. 9 from 9 a.m. and noon, and removal will be allowed on Thursday, Dec. 15 and Friday, Dec. 16 from 9 a.m. to 5 p.m.

Detailed information about the property for sale and additional auction information including terms and conditions can be found online at http://www.gryphonauction.com, by calling 614-885-0020 or email at info@gryphonusa.com.

About United Country – Gryphon Realty & Auction

United Country Gryphon Realty & Auction Group is the Central Ohio affiliate of the largest fully integrated network of conventional real estate and auction real estate professionals in the United States. Based the Polaris Area of Columbus, Ohio, the company is a subsidiary of Gryphon USA, Ltd., a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. The company maintains a real estate brokerage practice, auction group, property management division and appraisal division. Co-founders Richard and Melissa Kruse also regularly hold engagements as court appointed receiver throughout Ohio.

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Richard F. Kruse
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