updated 5/11/2011 7:17:23 AM ET 2011-05-11T11:17:23

CLEARWATER, Fla., May 11, 2011 (GLOBE NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR), the industry leader for fractional aircraft ownership and flight hour time cards in the light jet cabin category and the only publicly traded stand-alone private aircraft operator, today announced that Chief Executive Officer Steven Santo will present at the following investor conferences in May 2011:

  • Noble Financial Capital Markets 7th Annual Equity Conference:
    Presentation scheduled for 2:30 p.m. ET on Monday, May 16 and 11:00 a.m. ET on Tuesday, May 17. The conference is being held at the Hard Rock Hotel and Casino in Hollywood, Florida. A live webcast of the presentation will be available by visiting the Investors: Event Calendar section of Avantair's website at http://www.avantair.com/event-calendar.html . The webcast archive will be available for 90 days.
     
  • B. Riley & Co. 12th Annual Investor Conference:
    Presentation scheduled for 2:30 p.m. PT on Tuesday, May 24. The Conference is being held at the Loews Santa Monica Beach Hotel in Santa Monica, California.

Investors attending either conference are encouraged to schedule a one-on-one meeting at the conference with Avantair's Chief Executive Officer Steven Santo by contacting Brandi Floberg at aair@tpg-ir.com or 212-481-2050.

About Avantair

Avantair, the sole North American provider of fractional shares, flight time cards and Axis Lease in the Piaggio Avanti aircraft, and the only publicly traded stand-alone private aircraft operator, is headquartered in Clearwater, Fla., with approximately 450 employees. The Company offers private travel solutions for individuals and businesses traveling within its service area, which includes the continental United States, Canada, the Caribbean and Mexico, at a fraction of the cost of whole aircraft ownership. The Company currently manages a fleet of 56 aircraft, with another 51 Piaggio Avanti aircraft on order through 2013. For more information about Avantair, please visit: www.avantair.com .

CONTACT: Company Contact:
         Heather Dynes
         440.639.2773
         hdynes@avantair.com
         
         Investor Relations Contact:
         Brandi Floberg
         212-481-2050
         aair@tpg-ir.com

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