Avantair Inc.

Clearwater, FL United States

  (OTC: AAIR)

Company Description

Rather than fly commercial, Avantair offers a little privacy. The company sells fractional ownership interests in piloted aircraft coupled with fleet maintenance. Pricier than commercial flights but cheaper than owning a jet, a fractional interest allows travelers to schedule their own flights, generally from smaller airports. Ownership can be purchased in increments beginning with a 1/16th share, equating to 50 hours of flight time a year. Avantair also sells charter flight-cards for 15 or 25 hours and an Axis Club membership for a three-year term. Its fleet includes 55 aircraft, which operate on the East and West coasts. Service extends across the US, as well as Canada, Mexico, and the Bahamas and Caribbean.