CLEARWATER, Fla., Sep 24, 2007 - Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ("Avantair"), the only publicly traded stand-alone fractional operator, announced today that they have promoted Kevin Beitzel to the position of Executive Vice President of Maintenance and Operations.
Steven Santo, Chief Executive Officer commented, "Kevin is an extraordinary asset to our company. His knowledge and skills along with his management style will lead the company to its next level of growth." Mr. Beitzel said, "I am fortunate to work for Avantair and look forward to assisting in its continued growth and strategic maintenance and operations plans."
About Avantair
Headquartered in Clearwater, FL, Avantair, Inc. is the exclusive North American provider of fractional aircraft shares in the Piaggio Avanti P.180 aircraft. Avantair is the fifth-largest company in the North American fractional aircraft industry and the only publicly traded stand-alone fractional operator. As of July 31st, 2007, the company managed a fleet of 37 aircraft with another 48 Piaggio Avanti IIs on order. It also recently announced an order of 20 Embraer Phenom 100s. Avantair, with operations in five states and approximately 300 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership.
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