Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Tuesday, April 23, 2024 · 705,948,805 Articles · 3+ Million Readers

Innovation In-Action: Avantair Continues Shift To 'Greener' Private Aviation

April 26, 2010 (FinancialWire) — Avantair, Inc., (OTCBB: AAIR) during last week's Earth Day, said it offset hours of carbon emissions for all new fractional owners, Edge Card and Axis Club members with TerraPass, the leading retailer and marketer of greenhouse gas reduction offsets.

TerraPass was launched in 2004 and funds clean energy and efficiency projects that reduce greenhouse gases.

Avantair said its exclusive aircraft produces the lowest amount of carbon emissions in the industry, featuring innovative engineering that reduces the planes CO2 output by approximately 35 percent compared with other fractional providers' aircraft.

To further the company's continued effort to provide "greener" private aviation, Avantair partnered with TerraPass in 2007 and was the first fractional aircraft operator to offset carbon emissions. This year, Avantair will offset over two million pounds of CO2. To date, Avantair has offset a total of 7.8 million pounds of CO2 through the Flight TerraPass program.

Contributing to clean energy and greenhouse gas reduction projects throughout the U.S., TerraPass credits fund three types programs: (1) clean energy such as wind; (2) farm power such as dairy farm methane digesters; and (3) landfill gas capture which reduces the impact of human waste. This partnership allows Avantair the unique ability to provide luxurious private jet travel while also maintaining a minimal carbon footprint when compared to competitors.

Avantair is headquartered in Clearwater, FL, with approximately 450 employees. It offers private travel solutions for individuals and businesses traveling within its service area.

Streaming Research for all companies mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[frlylrf] [altrntvtnr] [nrgyygrn] [grrnnwsnr] [bsnnssb] [dvcmntnmc] [vtnrspcpsr]

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release