CLEARWATER, Fla.- Aug. 6, 2007 - Avantair Elite Services, a unit of Avantair, Inc. (OTCBB: AAIR, AAIRU, AAIRW) ("Avantair"), the only publicly traded stand alone fractional operator, announced today it has opened a newly constructed executive jet facility at the Camarillo Airport (CMA) in Camarillo, California in addition to the private jet center in Clearwater, Florida (PIE). Avantair operates the facility as a full service FBO, providing fuel, ground support, and maintenance services. The FBO features 54,000 square feet of hangar space and 11,000 square feet of executive office and terminal space, including a pilot center, crew lounge, and multi-media conference room. Joe Enderle has been appointed general manager and Ginger Goodspeed has been appointed customer service manager of the new FBO. Camarillo is conveniently located a short distance from Los Angeles, Van Nuys, and Santa Barbara.
The company is celebrating a grand opening on September 8th at the new facility. For information, please contact Ginger Goodspeed at 805.383.1100.
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 standalone fractional operator. As of March 31, 2007, the company managed a fleet of 33 planes with another 52 Piaggio Avanti IIs on order. It also recently announced an order of 20 Embraer Phenom 100s. Avantair, with operations in 5 states and approximately 270 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership.
Avantair Elite Services operates two private jet centers in Clearwater, FL and Camarillo, CA. Each state of the art facility boasts the following amenities: Hangar and Class-A Office Space, Executive Terminal and Lounge, Elite Services Concierge, Multi-Media Conference Rooms, Fully-Equipped Pilot Center/Crew Lounge, WiFi Internet and WSI Weather, Crew Cars and Rental Cars On-Site, Maintenance Facility On-Site.
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.
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