CLEARWATER, Fla., Sept. 11, 2008 (GLOBE NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW), 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 has added the Turks and Caicos Islands to its Primary Service Area. This allows fractional owners in the Avantair program to fly to and from this frequently visited destination without incurring repositioning fees.
Steven Santo, Avantair's Chief Executive Officer commented, "Turks and Caicos is a popular destination for our customers and the decision to include it in our Primary Service Area has been well received."
The Turks and Caicos Islands compliment Avantair's existing Primary Service Area, which includes the continental United States, locations 200 miles into Canada and select airports in Mexico and the Bahamas.
"The expansion of our Primary Service Area provides additional travel options and advantages to our existing fractional owner base as well as appeals to new travelers," said Avantair's Senior Executive Vice President of Sales and Marketing, Matthew Doyle. "We are pleased to provide this service for our fractional owners and Edge card members and continue to develop enhanced services to add value to our 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 49 aircraft, with another 60 Piaggio Avanti IIs on order through 2013. For more information about Avantair, please visit: http://www.avantair.com.
Avantair Elite Services operates FBO's in Camarillo, California and Caldwell, New Jersey. The Company also provides aircraft maintenance, concierge and other services to customers and services to the Avantair fleet from hangars and office locations in Clearwater, Florida, Camarillo, California and Caldwell, New Jersey.
Forward-Looking Statements
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Avantair's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements.