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April 22, 2009updated Feb 08, 2013

Avantair Goes Greener for Earth Day

By Pardhasaradhi Gonuguntla

(GLOBE NEWSWIRE) — Avantair Inc. (OTCBB:AAIR), the only publicly traded stand-alone fractional operator and the sole North American provider of fractional shares in the Piaggio Avanti aircraft, announced today that it will celebrate Earth Day 2009 with its annual tradition of offsetting five flight hours of carbon emissions for all new fractional share owners with TerraPass, a leading originator and retailer of carbon credits and carbon offsets. Avantair was the first fractional provider to “go green” by partnering with a carbon offset company, utilizing TerraPass and its Flight TerraPass program to offset aircraft emissions.

Avantair leads the fractional share industry as its lowest carbon emitter by virtue of its role as the exclusive fractional, card and membership provider of the Piaggio Avanti, the most efficient of all fractional aircraft with a fuel burn of approximately 98 gallons per hour. By purchasing Flight TerraPass offsets for its new owners, Avantair advances their desire to safeguard the environment.

Avantair Senior Executive Vice President of Sales and Marketing Matthew Doyle stated, “The fuel efficiency of the Piaggio Avanti is an important benefit we deliver to our owners and with TerraPass, we extend our efforts to minimize their carbon footprint and ours. We are pleased to continue our partnership with TerraPass this Earth Day as we progress towards our shared goal to become a carbon neutral society.”

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