Local LandAmerica Office To Auction Off Corporate Jet

After flying high on the mortgage boom, LandAmerica, who operates a headquarters building in Innsbrook, took a nosedive when the title company filed for bankruptcy last year. With the company grounded, it apparently no longer has a need for the corporate jet, a 1999 Hawker Beechcraft 400A. The jet, owned by LandAmerica subsidiary Beech Fly LLC, will be auctioned by Martin Air via conference call May 6.

The opening bid is $850,000, and bidders must submit a refundable deposit of $100,000 by May 5. The aircraft has logged less than 3,600 hours of flying time. BizSense took a tour of MartinAir in a recent Office Sense video.