As part of its strategy to increase its FBO holdings, fractional-share operator Avantair has set its sights on buying or building a second FBO, this one at Essex County Airport in Caldwell, N.J. Avantair opened a new FBO at Camarillo Airport in southern California in August and provides FBO services at its company headquarters at St. Petersburg-Clearwater Airport in Florida.
Italian aircraft manufacturer Piaggio Aero (Booth No. 3717) yesterday celebrated a milestone agreement with the sale of 22 Avanti II twin turboprops to U.S. fractional operator Avantair.
Even as Italian manufacturer Piaggio Aero Industries reaps the benefits of a remarkable sales resurgence in the U.S., the company increasingly views its own backyard as fertile soil for future growth.
Fractional operator Avantair, which flies the P180 Avanti II exclusively, said last month that it is partnering with carbon offset company TerraPass. Per the agreement, TerraPass will fund environmentally friendly energy projects such as wind energy and biomass (methane as an energy source) with carbon offset payments from Avantair. The operator claims to be the first fractional to offer such a program.
Piaggio Avanti, Teterboro, N.J., June 17, 2007 – The pilot of a fractional Avanti, cleared to take off from Runway 24 at Teterboro Airport, averted a collision with a Cirrus SR22, cleared to take off on the intersecting Runway 19, when the Avanti pilot saw the Cirrus taking off and on an apparent collision course.
Thirty years ago, most people would have dismissed anyone who said they’d eventually make money by selling bottled water, especially since tap water was, and still is, plentiful and nearly free. But since then, a lot of people have actually traded tap water for bottled water, resulting in skyrocketing sales of the clear liquid in plastic bottles.
A Piaggio Avanti blew its two main gear tires during a runway incursion at Teterboro Airport on June 17. The Avanti, operated by Avantair, was cleared to depart Runway 24. Forty seconds later, Cirrus SR22 N6026K was cleared to depart Runway 19, which intersects Runway 24. The Avanti pilot saw the approaching aircraft, applied maximum braking and missed hitting the SR22 by 50 feet. The incident occurred during VMC conditions.
Piaggio Avanti, Fort Lauderdale, Fla., March 20, 2007–The Avanti, operated by fractional operator Avantair, was substantially damaged when landing at Hollywood International Airport, Fort Lauderdale, Fla. The ATP-rated first officer was flying the airplane, on approach to Runway 9R, at 120 knots.
Breaking from its single-airplane fleet of Piaggio Avanti twin turboprops, Fairfield, N.J.-based fractional provider Avantair has added two new Beechcraft Premier I light jets as core airplanes. Avantair CEO Steven Santo told AIN that the jets were added since his company has been unable to add Avantis fast enough as core airplanes.
Avantair, the Clearwater, Fla.-based fractional that operates Piaggio Avantis exclusively, reported an 85-percent increase in Q2 revenue over the same period a year earlier. Sluggish deliveries from Piaggio contributed to an overall loss, though the company does expect to break even upon reaching 40 aircraft in service. If current estimates hold, that will happen by the end of this year.