“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Avantair Expands Service Area
Avantair, the only publicly traded, stand-alone fractional operator, has added Great Exuma in the Bahamas to its primary service area. In addition, Avantair is offering its share owners a discounted accommodations rate at the island's Grand Isle Resort and Spa, with which it has established a relationship. Through summer, moreover, anyone purchasing an Avantair Edge time card or Axis Club membership will receive an "Island Getaway" package that includes accommodations at the resort. Avantair operates the Italian-built Piaggio Avanti.