Frequently Asked Questions
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Avantair Programs |
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1. How do I know whether fractional aircraft ownership vs. chartering or full ownership is right for me?
If you travel more than 25 hours per year on a chartered aircraft or make frequent overnight trips, the additional charges of charter can be exorbitant. In many instances fractional providers do not charge any repositioning fees or waiting fees. Fractional owners also enjoy the tax benefits associated with aircraft ownership, as well as a greatly increased level of safety and security.
2. Tell me more about Avantair, the history of Avantair and its financial resources.
Avantair's predecessor company, Skyline Aviation Services was founded in 1998 by Steven Santo. Skyline Aviation Services provided aircraft management services for several law firms throughout New York and New Jersey. The Avantair Fractional Program was founded in June 2002. Today, Avantair is the only stand-alone company in the fractional industry whose shares are publicly traded.
3. How would you compare Avantair fractional ownership program to others?
At the outset, Avantair may appear similar to other fractional providers. A closer look, however, will demonstrate an aircraft unrivaled in the industry with a program that emphasizes an unmatched commitment to safety, security and customer service, with no hourly flight fees, a fractional first.
4. What's the smallest Avantair interest I can purchase?
A 1/16th share provides 50 hours of flight time per year.
5. How long do I own my interest in an aircraft?
The initial agreement is for a five year period after which an owner may continue in the aircraft for up to an additional five years. At the end of the five year agreement owners have three options: sell their share to a replacement purchaser at fair market value, apply the fair market value of the concluding share towards a new share, or renew the share for a year while your travel needs are re-evaluated.
6. What if my travel requirements change after I've purchased a share?
Avantair owners have the option to purchase additional shares or sell their shares at any time.
7. I understand that I buy a fraction of an aircraft. Does that mean I will sometimes have to share flights with other Owners?
As a fractional owner, you will sign an agreement that allows us to fly other owners on your share and vice versa. However, you will not fly with other owners. On your flights, you will be accompanied only by your flight crew and your selected guests.
8. Will I always fly on the specific aircraft that I own?
The benefit of fractional ownership includes flexibility, safety and savings. As an owner, you will be a part of an interchange agreement allowing owners in the program to fly on any aircraft within the program. All aircraft are identically equipped. This not only allows for the most efficient use of the program aircraft, but also allows us to provide you with the same excellent consistent service associated with Avantair.
9. How many airports can Avantair aircraft fly into?
The Piaggio Avanti has the ability to fly in and out of many more airports (and even airports with shorter runways) typically unusable by its jet peers. Currently there are more than 5,000 airports nationwide available to Avantair owners.
10. Will I be able to fly anywhere in the world with my Avantair interest?
The service area for the Avantair program consists of the United States, Canada, Caribbean, Mexico and select airports in the Bahamas. Click here to view our Primary Service Area.
11. How do I make reservations? And how far in advance must I make them?
Reservations are made over the telephone or via the Internet with your dedicated owner services team. Minimum time guarantees vary with the size interest owned, however, aircraft are available with 24 hours notice. Avantair has designated certain travel days where there is particularly high demand for Avantair aircraft as Peak Travel Days. These Peak Travel Days require a longer advanced notice.
12. Who can fly on my Avantair aircraft?
Anyone you designate may fly on your aircraft.
13. How can you guarantee aircraft availability?
Apart from the aircraft owned by the fractional owners, Avantair owns aircraft outright with, no shares sold, as core aircraft fleet to fly owner trips when scheduling is increased. We also have guaranteed leases or leasebacks from the factory when necessary.
14. What if all of the aircraft are in use when I make a reservation?
Avantair will make every effort to provide you with an Avanti for your flight. In the unlikely event that all aircraft are booked, we will charter you in an equivalent aircraft.
15. What procedures and/or programs does Avantair have in place in the event of an in-flight medical emergency?
Avantair's pilots are always in contact with air traffic control. In the event of an in-flight medical emergency, our crew can coordinate medical support immediately. In addition, our pilots are trained in CPR and first aid.
16. What amenities do your aircraft have?
The Piaggio Avanti offers a cabin size comparable to midsize jets, and oversized swiveling and reclining Italian leather seats. Each seat has individual lighting and retractable tables with electrical outlets for your laptop. The aircraft has a full size private bathroom with a solid closing door. The galley provides hot and cold as well as dry and wet storage for catering. With its sound-dampening interior, the cabin is one of the quietest in the sky.
17. What is the baggage capacity for each of your aircraft?
The Avanti has ample storage for baggage, including a 44 cubic feet external cargo compartment and a large internal closet, comparable to that of a large SUV.
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