Recent Avantair Press Releases http://www.avantair.com Sat, 04 Jul 2009 17:47:27 +0100 FeedCreator 1.7.2 http://www.avantair.com/images/M_images/rss.png http://www.avantair.com Recent Avantair Press Releases http://www.avantair.com/press-release/avantair-inc.-announces-closing-of-initial-tranche-of-private-placement.html CLEARWATER, Fla. – July 1, 2009 -- Avantair, Inc. (OTCBB: AAIR), the only publicly traded stand-alone private aircraft operator and the sole North American provider of fractional shares and flight hour time cards in the Piaggio Avanti aircraft, today announced that it closed an initial tranche of a PIPE (Private Investment in a Public Entity) financing on Tuesday, June 30th for gross proceeds of approximately $1.4 million. Avantair intends to use the net proceeds from this financing transaction for working capital and general corporate purposes. Thu, 02 Jul 2009 07:06:11 +0100 http://www.avantair.com/press-release/avantair-fractional-and-fractional-card-programs-named-best-of-the-best-by-robb-report.html CLEARWATER, Fla. – June 1, 2009 -- Avantair, Inc. (OTCBB: AAIR), the only publicly traded stand-alone private aircraft operator and the sole North American provider of fractional shares and flight hour time cards in the Piaggio Avanti aircraft, announced today that it has been selected as Best of the Best Winner by Robb Report in two categories—Fractional Programs and Fractional-Card Programs. Sun, 31 May 2009 15:09:21 +0100 http://www.avantair.com/press-release/avantair-inc.-to-present-at-the-fifth-annual-noble-financial.html Emerging Growth Equity Conference on June 8thClearwater, Florida (May 27, 2009) – Avantair Inc. (OTCBB: AAIR) (“Avantair”), the only publicly traded stand-alone private aircraft operator and the sole North American provider of fractional shares and flight hour time cards in the Piaggio Avanti aircraft, will present at the 5th Annual Noble Financial Emerging Growth Equity Conference being held June 8-9, 2009 at the Seminole Hard Rock Hotel in Hollywood, Florida. Wed, 27 May 2009 14:01:55 +0100 http://www.avantair.com/press-release/avantair-inc.-reports-fiscal-third-quarter-2009-financial-results.html Company Reports First Quarterly Operating Profit, Record EBITDA; Revenues up 16% Year-over-YearCLEARWATER, Fla. -- May 12, 2009 -- Avantair, Inc. (OTCBB: AAIR), the only publicly traded stand-alone private aircraft operator and the sole North American provider of fractional shares and flight hour time cards in the Piaggio Avanti aircraft, today announced financial results for its fiscal third quarter ended March 31, 2009. Tue, 12 May 2009 15:49:10 +0100 http://www.avantair.com/press-release/avantair-inc.-to-report-fiscal-third-quarter-2009-financial-results-on-may-12th.html CLEARWATER, Fla. – May 7, 2009 – Avantair, Inc. (OTCBB: AAIR), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, today announced that it will release its financial results for the third quarter of fiscal 2009 ended March 31, 2009 after the stock market close on Tuesday, May 12, 2009. Fri, 08 May 2009 14:12:28 +0100 http://www.avantair.com/press-release/avantair-makes-earth-day-2009-greener.html Fractional Operator to Offset Carbon Emissions for New OwnersClearwater, Florida (April 22nd, 2009) – Avantair Inc. (OTCBB: AAIR), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, announced today that it will celebrate Earth Day 2009 with its annual tradition of offsetting five flight hours of carbon emissions for all new fractional share owners with TerraPass, a leading originator and retailer of carbon credits and carbon offsets. Avantair was the first fractional provider to “go green” by partnering with a carbon offset company, utilizing TerraPass and its Flight TerraPass program to offset aircraft emissions. Wed, 22 Apr 2009 09:03:38 +0100 http://www.avantair.com/press-release/avantair-adds-great-exuma-bahamas-to-its-primary-service-area.html Avantair Partners with Grand Isle Resort and Spa for Added Benefits for Avantair OwnersClearwater, Florida (April 1st, 2009) – Avantair Inc. (OTCBB: AAIR), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, announced today that it has added Great Exuma, Bahamas to its Primary Service Area. Through its partnership with Grand Isle Resort and Spa, a golf and oceanfront beach resort located in Great Exuma, Avantair will offer its existing owners an exclusive discounted rate on accommodations at the Grand Isle Resort and Spa. In addition, for a limited time, Avantair is offering an “Island Getaway” package including accommodations at Grand Isle Resort and Spa for any person who purchases an Avantair Edge time card or Axis Club Membership. Wed, 01 Apr 2009 12:20:25 +0100 http://www.avantair.com/press-release/avantair-inc.-reports-second-quarter-fiscal-2009-financial-results.html Second Quarter 2009 Revenues Reach Record of $35.4 million; Positive EBITDA for the Quarter of $690,360CLEARWATER, Fla. -- February 12, 2009 -- 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 aircraft, today announced financial results for its fiscal second quarter ended December 31, 2008. Thu, 12 Feb 2009 16:04:32 +0100 http://www.avantair.com/press-release/avantair-inc.-to-present-at-the-21st-annual-roth-capital-partners-oc-growth-stock-conference.html Avantair, Inc. to Present at the 21st Annual Roth Capital Partners OC Growth Stock ConferenceCLEARWATER, Fla. – February 11, 2009 – 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 aircraft, today announced that its Chief Executive Officer Steven Santo will present at the 21st Annual Roth Capital Partners OC Growth Stock Conference being held February 16-18, 2009 at The Ritz-Carlton in Dana Point, California. Thu, 12 Feb 2009 15:51:03 +0100 http://www.avantair.com/press-release/avantair-announces-the-election-of-richard-b.-dewolfe-to-its-board-of-directors.html Avantair Announces the Election of Richard B. DeWolfe to its Board of DirectorsCLEARWATER, Fla. – February 3, 2009 – 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 aircraft, today announced the election of Richard B. DeWolfe as a member of its Board of Directors, effective January 29, 2009. DeWolfe is Managing Partner of DeWolfe Company, LLC, a real estate management and investment-consulting firm and serves as a Director and Chairman of the Audit Committee of Manulife Financial Corporation, the parent company of John Hancock Financial Services, Inc. This latest election expands Avantair’s Board to seven members, including six independent directors. Tue, 03 Feb 2009 14:36:19 +0100 http://www.avantair.com/press-release/avantair-announces-new-membership-club.html New Club Complements Continued Strong Demand for Fractional Ownership and Time Card Programs CLEARWATER, Fla. – January 21, 2009 – 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 aircraft, today announced it is offering a new program, unprecedented in the fractional industry. The membership program - ‘The Axis Club’ - will allow a customer to access flight blocks of 25 hours at a set rate for a three-year term. Tiered membership options are available to fit the flight needs of the customer. In addition, conversion options into a fractional share are also available, should a customer’s needs change throughout the course of the term. Wed, 21 Jan 2009 11:41:26 +0100 http://www.avantair.com/press-release/avantair-receives-excellent-owner-satisfaction-rating.html Avantair Receives Excellent Owner Satisfaction Rating Clearwater, Florida (December 16, 2008) – 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 has received an “excellent” overall satisfaction rating in the biannual survey distributed to all of its fractional owners. Wed, 17 Dec 2008 07:35:49 +0100 http://www.avantair.com/press-release/avantair-inc.-completes-program-for-early-retirement-of-warrants.html Avantair, Inc. Completes Program for Early Retirement of Warrants Clearwater, Fla., December 15, 2008 (GLOBE NEWSWIRE) - Avantair, Inc. (OTCBB: AAIR, AAIRW, AAIRU) (“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, today announced the completion of a warrant retirement program, which was designed to reduce the overhang of the publicly traded warrants on its common stock and to provide greater liquidity for its common stock. The program was conducted pursuant to a tender offer that expired on December 12, 2008 at 5 p.m., Eastern Standard Time. Wed, 17 Dec 2008 07:30:29 +0100 http://www.avantair.com/press-release/avantair-takes-delivery-of-50th-piaggio-avanti-p.180-aircraft.html Avantair Takes Delivery of 50th Piaggio Avanti P.180 Aircraft CLEARWATER, Fla., Dec. 15, 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 has taken delivery of its 50th Piaggio Avanti P.180 aircraft. Mon, 15 Dec 2008 09:18:37 +0100 http://www.avantair.com/press-release/avantair-reports-record-thanksgiving-holiday-travel-demand.html Avantair Reports Record Thanksgiving Holiday Travel DemandCLEARWATER, Fla., Dec. 3, 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 enjoyed a record number of flights flown during the Thanksgiving holiday, November 25th - November 30th, in sharp contrast to the overall slowdown in demand experienced by major U.S. airlines. Thu, 04 Dec 2008 07:28:23 +0100 http://www.avantair.com/press-release/avantair-provides-the-best-value-in-the-fractional-industry-with-a-new-15-hour-charter-card.html Avantair Continues to Provide the Best Value in the Fractional Industry With a New 15-Hour Charter Card for $72,750 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. Tue, 25 Nov 2008 14:45:51 +0100 http://www.avantair.com/press-release/avantair-inc.-reports-fiscal-first-quarter-2009-revenues-up-27-percent.html Company Achieves Positive EBITDA in September; Sales Momentum Continued in OctoberCLEARWATER, Fla. – November 12, 2008 – 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, today reported financial and operational results for the first quarter ended September 30, 2008. Tue, 11 Nov 2008 23:00:00 +0100 http://www.avantair.com/press-release/avantair-inc.-announces-fiscal-fourth-quarter-and-full-year-2008-financial-and-operational-results.html Growth in Fractional Aircraft Shares Sold Drives 51% Increase in Revenues and 50% Increase in Maintenance and Management Fees Year-over-YearCompany Approaches Profitability as EBITDA Loss Significantly DeclinesCLEARWATER, Fla. – September 23, 2008 -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) (“the Company”), the only publicly traded stand-alonefractional operator and the sole North American provider of fractional shares in the Piaggio Avanti P.180 aircraft, today reported financial and operational results for the fourth quarter and fiscal year ended June 30, 2008. Mon, 22 Sep 2008 23:00:00 +0100 http://www.avantair.com/press-release/avantair-inc.-to-report-fourth-quarter-and-fiscal-year-2008-financial-results-on-september-23rd.html CLEARWATER, Fla., Sept. 19, 2008 -- 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, today announced that it will release its financial results for the fourth quarter and fiscal year ended June 30, 2008 after the stock market close on Tuesday, September 23, 2008. Thu, 18 Sep 2008 23:00:00 +0100 http://www.avantair.com/press-release/avantair-elite-services-opens-new-fbo-in-caldwell-new-jersey.html CLEARWATER, Fla., Aug. 14, 2008 -- 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, today announced that effective August 1, 2008, it entered into a Lease Agreement and Operating Agreement for Fueling Service(s) with the Essex County Improvement Authority. The agreements provide the Company with a fixed base operation ( FBO ) at Essex County Airport (KCDW), located in Caldwell, New Jersey. Wed, 13 Aug 2008 23:00:00 +0100