“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”
Avantair Adds Turboprops, reports higher revenues
While bigger fractional ownership providers are scaling back, Clearwater, Fla.-based Avantair plans to add six more Avantis to its fleet before year-end. CEO Steven Santo attributes the growth partly to the operating economics of the twin-turboprop Avanti, which has a cabin equivalent to that of a midsize business jet, a maximum cruise speed of more than 400 knots and low fuel burn. The company's revenue in the first quarter was up 16 percent from the same quarter last year.