Company Says It Plans To Expand Services In 2011

AvStar Aviation Group has signed a Letter of Intent to acquire a 33% interest in Aircraft Charters, LLC (Aircraft Charters). Aircraft Charters is the owner of the aircraft currently leased to and operated by AvStar’s wholly owned subsidiary Twin Air Calypso Limited, Inc. The purchase is expected to close in January of 2011.

The acquisition follows AvStar’s model of vertical expansion in the aviation industry. Through Aircraft Charters, AvStar will enter into the aircraft sales and leasing market, while continuing to manage, operate and support the aircraft through AvStar’s existing wholly owned subsidiaries Twin Air Calypso Limited, Inc. and Twin Air Calypso Services, Inc. The Aircraft Charter purchase and the “Affiliate” Program announced earlier this month will allow the company to further provide a total package of services to aircraft owners and operators.

“The Aircraft Charter acquisition further strengthens AvStar’s position in the aviation industry. It also enhances the balance sheet and opens new revenue streams, while increasing current revenue and improving the cost structure of our existing operations. When we approach aircraft, engine and avionics manufacturers for sales and support dealerships, as well as prospective customers, we can offer a completely integrated organization.” said Clayton Gamber, CEO of AvStar Aviation Group, Inc.

“As we enter 2011, AvStar is poised to expand our airline operation with the return to service of two aircraft in January. We will also expand our maintenance and repair organization with new dealerships and enter the sales and leasing arena, while continuing to search for additional acquisitions that meet our goals. I wish all of our stockholders, customers, vendors and friends a joyous holiday season and a prosperous 2011.” said Clayton Gamber, CEO of AvStar Aviation Group, Inc.

FMI: http://avstarinc.com