Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

Financial advisory consulting and services firm Development Specialists&nbsp;Inc. (DSI) has set a September 7 deadline for bids for the assets of&nbsp;defunct Aerion Corp. DSI was appointed to oversee the sale of the assets of Aerion, which ceased operations in June 2021 after a nearly two-decade quest to bring a supersonic business jet to market.

 


Through <a href="https://www.dsiassignments.biz/Cases/144">a court-appointed insolvency proceeding</a> similar to that of the bankruptcy process, the sale is being conducted under Florida statutes instead of federal laws. Joseph Luzinski, senior managing director of DSI, is overseeing the bid process.&nbsp;Proceeds from the sale of the assets are to go to creditors. GE Aviation had the largest claim, which in original court documents was estimated at about $32 million, with Spirit AeroSystems and Boeing collectively owed nearly $8.5 million.

 


Much of Aerion’s assets surround its numerous patents. There also had been some fixed assets such as computers, software, and wind tunnel models. <a href="https://www.ainonline.com/aviation-news/business-aviation/2021-09-09/aerion-liquidation-targeted-year-end">DSI late last year</a> was fielding interest&nbsp;as it tried to grasp the value of the assets. “There are no valuations for these types of assets there’s no Kelley Blue Book or comps. There is no clear indication of what the assets are worth,” Luzinski had told AIN, saying the market will determine that.

 


Under a court-approved process that was set this summer, written offers from qualified bidders are due by September 7 at&nbsp;4 p.m. EDT to&nbsp;DSI and the assignee’s counsel, Baker &amp; Hostetler.&nbsp;An auction date has been set for September 16.

 


“Our goal is to sell all of the assets as a package or sell them in lots to maximize the recovery for creditors,” said Luzinski.

Bids for Aerion Assets Now Due on September 7 

Under a Florida insolvency proceeding, Aerion's assets will go to auction on September 16 with bids due by September 7.

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