Avantair

June 1, 2010 - 12:06pm

Fractional provider Avantair, which operates only Piaggio Avanti turboprop twins, officially opened its newly renovated operations center at its headquarters at Clearwater/St. Petersburg (Fla.) Airport this morning. The facility–which features three 200-inch screens to track aircraft 24/7 and monitor weather and breaking news–now serves as mission control for all Avantair flights.

May 20, 2010 - 11:41am

Piaggio Avanti fractional provider Avantair’s revenue increased 4 percent, to $36 million, in its fiscal third quarter (which ended March 31) compared with the year-ago period. Its earnings before interest, income taxes, depreciation and amortization also rose to $1.8 million, up from the $1.5 million reported in the same period last year.

May 5, 2010 - 7:16am

Piaggio Aero (Booth No. 1325) took a bold stance during the recession to broaden worldwide recognition of its P180 Avanti II twin turboprop, according to John Bingham, president and CEO of Piaggio America and chief marketing officer for Piaggio Aero. “It paid off for us,” Bingham told AIN. Potential buyers who might not have considered purchasing an Avanti have added the turboprop to their shopping lists, he said.

April 30, 2010 - 6:43am

Avantair continues to take deliveries of new Avanti II turboprop twins and expects to more than double the size of its all-Avanti fleet over the next three years from 52 to 107 aircraft, the Clearwater, Fla.-based company said. Meanwhile, its aircraft card program continues to grow, with first-quarter sales reportedly increasing 183 percent from year-ago levels.

April 20, 2010 - 12:29pm

Fractional Piaggio Avanti operator Avantair late last week announced more fleet expansion, further growth and new personnel hires. Avantair is continuing to take deliveries of new Avanti II turboprop twins and expects to more than double the size of its fleet over the next three years from 52 to 107 aircraft, the Clearwater, Fla.-based company said.

February 22, 2010 - 9:33am

Fractional provider Avantair reported revenues of $35.8 million for its Fiscal Year 2010 second quarter ending December 31. It recorded operating income of $1.4 million versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million.

February 22, 2010 - 7:15am

Data on the U.S. fractional share industry show that last year was extremely challenging for the big four fractional operators–NetJets, Flexjet, Flight Options and CitationAir–and for smaller but healthier Avantair.

February 16, 2010 - 11:09am

Fractional provider Avantair reported revenues of $35.8 million for its fiscal year 2010 second quarter, which ended December 31. It recorded operating income of $1.4 million, versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million.

November 12, 2009 - 7:04pm

Dubai Airshow shoppers looking to buy an aircraft made by a locally owned company need look no further than the Piaggio Avanti II. The eye-catching twin turbo-prop exudes the Italian style of its origins but Piaggio Aero Industries itself is exhibiting here under the auspices of its one-third shareholder Mubadala Development Co. of Abu Dhabi (Stand C510).

October 19, 2009 - 4:43pm

Piaggio Aero CEO Alberto Galassi yesterday confirmed that the company’s much anticipated, follow-on aircraft to the P.180 Avanti II turboprop would be a jet. “Definitely,” he said. 

 
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