“ While it may be tempting to use broad generalizations about the way business aircraft are most often used in America today, let’s not neglect the importance of business aviation as a crucial competitive asset to companies, an economic driver and lifeline to communities large and small. ”
Avantair Announces Revenue Increase
Avantair, the only publicly traded, standalone fractional operator, has announced financial results for the first quarter of 2009. Revenues totaled $34.7 million, a 16-percent gain over the same quarter last year. During the quarter, the company said, it recorded a "substantial" increase in hours flown and added a 52nd aircraft to its fleet. It also announced the Axis Membership Club "to bridge the gap between the financial commitment of a fractional share and charter time cards."