CLEARWATER, Fla., Feb. 5, 2008 -- Avantair, Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ("Avantair"), the only publicly traded stand-alone fractional operator, today announced that they have appointed Richard Pytak to the position of Vice President of Finance. In this role, he will be responsible for the Company's financial operations, including accounting and financial reporting.
John Waters, Chief Financial Officer, commented, "We are pleased to have Richard on board. His skill set and knowledge will make him an extraordinary asset to our company. We are currently revamping our entire electronic data processing environment and we believe with his background he will be able to provide valuable leadership and expertise to this endeavor."
"I am delighted to be joining Avantair during such an exciting time in its growth," said Pytak. "I look forward to assisting the Company with its continued growth and strategic financial planning."
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. Today, the company managed a fleet of 46 aircraft with an additional 48 Piaggio Avanti IIs on order. It also recently announced an order of 20 Embraer Phenom 100s. Avantair, with operations in five states and over 300 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership.
