CLEARWATER, Fla., Nov. 24, 2008 (GLOBE NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ("the Company"), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, announced today that it is offering a new 15-hour "Edge Card" at the best value in the industry -- $72,750. The card price is an all inclusive one-time cost with a term of twelve months. Avantair operates an Expanded Primary Service Area, which includes the continental United States, locations 200 miles into Canada and select airports in Mexico and the Bahamas, in which card members can fly. Rollover options are also available for unused hours, which are 100% refundable. In addition to the 15-hour card, the company introduced a 25-hour card in 2007, which is currently priced at $115,000.
The Company is currently offering end-of-the-year specials on charter cards. If a 15-hour charter card is purchased prior to December 31st, the purchaser receives one bonus hour. If a 25-hour card is purchased, two bonus hours are added to the purchaser's account.
"Avantair sold a record number of charter cards this October, typically a seasonally slow month. This performance highlights growing consumer demand for the Piaggio Avanti P. 180," stated Matthew Doyle, Avantair's Senior Executive Vice President of Sales and Marketing. "In an effort to expose even more consumers to our exceptional aircraft, we are very pleased to add this new 15-hour charter card at an unmatched price in the fractional industry, as yet another example of the value inherent in the Avantair fractional program."
About Avantair
Avantair, the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, is headquartered in Clearwater, FL with approximately 400 employees. The Company offers private travel solutions for individuals and businesses traveling within its service area, which includes the continental United States, Canada, the Caribbean and Mexico, at a fraction of the cost of whole aircraft ownership. The Company currently manages a fleet of 50 aircraft, with another 59 Piaggio Avanti IIs on order through 2013. For more information about Avantair, please visit: http://www.avantair.com.