Avantair

July 30, 2008 - 9:37am

Central U.S. regional fractional provider Executive AirShare (EAS) last month signed an agreement to acquire 18 Embraer Phenom 100 delivery slots from Clearwater, Fla.-based Avantair, which offers shares in Piaggio Avantis. EAS also has an option to buy Avantair’s two remaining Phenom 100 positions. EAS now has firm orders for 28 Embraer Phenom 100s and four Phenom 300s, with options on 12 more 100s and four more 300s.

July 1, 2008 - 11:53am

Central U.S. regional fractional provider Executive AirShare (EAS) last week signed an agreement to acquire 18 Embraer Phenom 100 delivery slots from Clearwater, Fla.-based Avantair, which offers shares in Piaggio Avanti twin turboprops. EAS also has an option to buy Avantair’s two remaining Phenom 100 positions. The move ends Avantair’s plans for the 20 very light jets, which the company ordered in October 2006.

June 4, 2008 - 5:19am

Piaggio Avanti fractional provider Avantair is narrowing its losses and on course to reach profitability in the near future, company CEO Steven Santo said May 14 during a quarterly investor conference. In the first three months of this year, the Clearwater, Fla.-based operator increased its year-over-year revenues by 51 percent, to $29.9 million, and decreased its net loss by $2 million, to $5.4 million.

May 17, 2008 - 11:08pm

Piaggio Aero is about to deliver the 150th P180 Avanti II to a customer and the Italian airframer at last seems to be coming to grips with an unacceptably slow production process that has badly stalled its output rate for the program.

May 15, 2008 - 11:25am

Piaggio Avanti fractional provider Avantair is narrowing its losses and on course to reach profitability in the near future, company CEO Steven Santo said yesterday during a quarterly investor conference. In the first three months of this year, the Clearwater, Fla.-based operator increased its year-over-year revenues by 51 percent, to $29.9 million, and decreased its net loss by $2 million, to $5.4 million.

May 8, 2008 - 7:37am

Fractional operator Avantair, launched at the NBAA Convention in September as Skyline Aviation Services, has two sold-out Piaggio Avantis in service. The company, based at Stewart International Airport in Newburgh, N.Y., expects to put two more Avantis into service this month, with a fifth to arrive next month.

March 26, 2008 - 11:00am

Piaggio Aero, the Italian maker of the sleek P.180 Avanti, is engaged in “some very positive” discussions that would create a fractional-ownership fleet of P.180s.
Steve Hanvey, president and CEO of Piaggio America and a board member of parent company Piaggio Aero, told AIN the Genoa-based aircraft manufacturer has been approached by a number of fractional operators, “including some in Europe.”

January 24, 2008 - 10:36am

Piaggio Avanti fractional provider Avantair has been steadily building its operation and is taking delivery of the twin turboprops as fast as Piaggio can make them. Next year it will expand its fleet in a different direction with the addition of entry-level Phenom 100 twinjets. We sat down with Avantair founder and CEO Steve Santo for an update on the company and to find out what his plans are for the new fleet type.

January 2, 2008 - 9:24am

Piaggio Avanti, Fort Lauderdale, Fla., March 20, 2007–The left landing gear of the Avantair Avanti collapsed on landing at Hollywood International Airport. The left tire blew out and separated from its rim. No one was injured but the airplane was substantially damaged.

December 27, 2007 - 6:54am

In its first-quarter FY2008 report issued in mid-November, Clearwater, Fla.-based fractional provider Avantair said revenues increased 52.9 percent, to $25.7 million, year-over-year, but its quarterly net loss increased to $4.8 million from $3.8 million the previous year.

 
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