Avantair Still Growing, Plans To Double Fleet by 2014

 - April 20, 2010, 12:29 PM

Fractional Piaggio Avanti operator Avantair late last week announced more fleet expansion, further growth and new personnel hires. Avantair is continuing to take deliveries of new Avanti II turboprop twins and expects to more than double the size of its fleet over the next three years from 52 to 107 aircraft, the Clearwater, Fla.-based company said. According to an AvData report issued in February, Avantair now has a market share exceeding 29 percent of the fractional light jet-size cabin market. Meanwhile, its aircraft card program continues to grow, with first-quarter sales reportedly increasing 183 percent from year-ago levels. “While the March quarter typically marks our slowest seasonal sales cycle, we achieved a record high for this period, nearing the levels that are historically associated with our highest selling period in the December quarter,” noted Avantair CEO Steven Santo. The fractional provider also expanded its sales team, hiring two new inside sales professionals–Laurel Jepson and Philip Barry–and promoting Michael Doyle from senior sales director for the North and Midwest territories to vice president of eastern division sales.