CLEARWATER, Fla., July 5, 2011 (GLOBE NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR), the industry leader for fractional aircraft ownership and flight hour time cards in the light jet cabin category and the only publicly traded stand-alone private aircraft operator, introduces two, new owner benefit programs – a 90-day satisfaction guarantee for prospective owners of a Piaggio Avanti and an affinity program offering valuable incentives for current owners.
FOR NEW FRACTIONAL OWNERS:
Owners purchasing a new fractional share in a Piaggio Avanti aircraft will receive the peace of mind that comes with a 90-day satisfaction guarantee. If an owner isn't fully satisfied with their Avantair experience, Avantair will buy back their share. This offer applies to new fractional share owners with signed contracts during the effective dates of July 1, 2011 and December 31, 2011.
FOR CURRENT OWNERS:
Avantair also continues to provide added benefit to its valued group of existing owners through Owner Advantage, an affinity program that creates exclusive offers, promotions and discounts for owners with a variety of corporate relationships, some of which are worth thousands of dollars. Examples of current Owner Advantage programs include:
- Judith Ripka — Avantair owners receive a gift card to discover the beauty, timeless style and understated elegance that has made Judith Ripka the ultimate in 18 karat gold jewelry.
- HomeWaters Club — Avantair owners receive exclusive "scholarships" to group and one-on-one instruction sessions by some of the legends of the fly fishing world.
- Inspirato — Avantair owners receive a complimentary membership to an exclusive club of luxury homes in the world's finest destinations.
- Hertz — Avantair owners receive Hertz #1 Club Gold service.
The new Owner Advantage program and 90-day guarantee complement the already existing owner benefit programs including the Loyalty Program, which awards additional flight hours or monetary incentives to renewing owners and the Ambassador Program, which was developed to involve owners in the sales process and reward them for their referrals to Avantair.
"We understand that investing in a private aircraft is a significant decision, so we wanted to provide additional value and peace of mind to ensure the Avantair owner experience is unparalleled in the industry," said Steve Santo, founder and CEO of Avantair. "Owner satisfaction is our top priority and we will continue to invest in programs that benefit both current as well as prospective Avantair owners."
To learn more about Avantair and its owner benefit programs, consumers may visit www.avantair.com or call 877-289-7180.
About Avantair
Avantair, the sole North American provider of fractional shares, flight time cards and Axis Lease in the Piaggio Avanti aircraft, and the only publicly traded, stand-alone private aircraft operator, is headquartered in Clearwater, Fla., with approximately 450 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 56 aircraft, with another 51 Piaggio Avanti aircraft on order through 2013. For more information about Avantair, please visit: www.avantair.com .
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to Avantair's future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" and similar expressions. Avantair cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and Avantair assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
In addition to factors previously disclosed in Avantair's filings with the Securities and Exchange Commission (SEC) and those as may be identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: general economic and business conditions in the U.S. and abroad, changing interpretations of generally accepted accounting principles, changes in market acceptance of the company's products, inquiries and investigations and related litigation, fluctuations in customer demand, management of rapid growth, intensity of competition. The information set forth herein should be read in light of such risks. Avantair does not assume any obligation to update the information contained in this press release.
Avantair's filings with the SEC, accessible on the SEC's website at http://www.sec.gov, discuss these factors in more detail and identify additional factors that can affect forward-looking statements.