Avantair Participates in CR Magazine's COMMIT!Forum Conference Promoting Global Green Initiatives to Improve the Environment

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CLEARWATER, Fla., Oct. 2, 2012 (GLOBE NEWSWIRE) -- Avantair, Inc. (OTCBB:AAIR), the industry leader of fractional aircraft ownership in the light jet cabin category and the only publicly traded stand-alone private aircraft operator, today announced that it will participate in the upcoming COMMIT!Forum conference, to take place October 2-3, 2012 at Cipriani Wall Street, 55 Wall Street, in New York, NY. The conference will include speakers from a variety of industries, representing a global commitment to a green environment.

"We are committed to offsetting carbon emissions and creating a healthier, more 'green' environment for everyone," said Steven Santo, Chief Executive Officer of Avantair. "It's not only about being socially responsible. It's about the future of the environment for our children," said Santo, explaining the wide-reaching importance of the company's green initiatives. Avantair partners with TerraPass, (www.terrapass.com) an initiative to reduce carbon emissions worldwide.

David Fitzgerald, Chief Information Officer of Avantair will speak at the upcoming COMMIT!Forum conference on Avantair's green initiatives in the business aviation industry. "We are leveraging sustainable solutions that will benefit our environment long-term," said Fitzgerald. "We are using technology to optimize our aircraft management division's flight hours, thereby reducing the overall number of hours we have aircraft flying," he said. "Over the past 12 months, Avantair has successfully reduced carbon emissions by 8.4 million pounds," he proudly stated.

At the conference, Fitzgerald will also detail Avantair's additional green initiatives, such as its recent digital LED lighting installation at its Clearwater, FL headquarters (designed to save energy and roughly $47,352.10 per year in energy costs) and its paperless cockpit initiative, which will reduce costs, paper, and carbon emissions.

About Avantair

Avantair, the sole North American provider of fractional shares, leases and flight hour cards in the Piaggio Avanti aircraft, and the only publicly traded stand-alone private aircraft operator, is headquartered in Clearwater, FL, with more than 500 employees. The company offers private travel solutions for individuals and businesses traveling within its service area, which includes the continental U.S., parts of Canada, the Caribbean and Mexico, at a fraction of the cost of whole aircraft ownership. The company currently manages a fleet of 57 aircraft. For more information about Avantair, please visit: www.avantair.com.

The Avantair, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14936

CONTACT: Avantair, Inc. Veronica Kraft, Marketing Manager 727-215-0249 vkraft@avantair.com

Source:Avantair, Inc.