Avantair - Very Interesting Audio Interview with CEO

[RoughAir]

The quarterly report for the period ending 31 Dec 2007 must be submitted to the SEC by Feb 15. It will be public.

Rumor is that it's not getting financially better, and the major investors want results to their liking by 30 Jun 2008.

 

[Dilligaff]

I'm still trying to figure out as to how in the hell can their training contract be 22K? it costs around 22K to get a challenger type... and the Piaggio is a Single pilot, under 12500lbs airplane. How does that work exactly. Sounds like they're trying to make money from just about everywhere.

22k is what FlightSafety charges per year for each pilot under the full-service agreement. They own the only Piaggio sim in the world and are charging us as much as they can for it. FSI is owned by Berkshire Hathaway, who also owns NetJets so they have a direct interest in keeping our costs as high as possible.

I've heard from people in KPIE that we're talking to SimCom, Simuflite, and CAE about getting a Piaggio sim.

 

[Dilligaff]

Hey guys,
Speaking of Avanti as a stepping stone.........are they still not letting FO's touch the controls for quite sometime (not sure how long)???

That policy was a knee-jerk reaction after the FLL incident. It was recinded a long time ago - old news.

 

[Mr. Pebbles]

and the major investors want results to their liking by 30 Jun 2008.

How's that going to happen when they haven't made a dime in 4 or 5 years?

 

[Flybet3]

The quarterly report for the period ending 31 Dec 2007 must be submitted to the SEC by Feb 15. It will be public.

Rumor is that it's not getting financially better, and the major investors want results to their liking by 30 Jun 2008.

Well it totally seems like they're going to lose these investors like they lost the previous one.

 

[Flybet3]

How's that going to happen when they haven't made a dime in 4 or 5 years?

Daaaaaamn!!! You SOB! LOL. Where have you been? :beer:
Oh yeah, and you're right about that comment.

 

[Mr. Pebbles]

Daaaaaamn!!! You SOB! LOL. Where have you been? :beer:
Oh yeah, and you're right about that comment.

Ha! So you finally saw the light about that place? As I recall, you used to defend their bulls**t rather tirelessly. 'S ok though. It does take awhile sometimes to figure out that people are lying bastards. Cheers.

 

[Geronimo4497]

Well it totally seems like they're going to lose these investors like they lost the previous one.

What a shame it was that Avantair lost that 'investor'. :laugh:

 

[Mr. Pebbles]

What a shame it was that Avantair lost that 'investor'. :laugh:

They lost "that investor" because he was lied to about the financials. He figured it out pretty fast, and then rode around on company airplanes as long as he could and it took them months to figure out that he wasn't planning on forking over any money. HE still has his millions- either in the bank or at work in a legitimate business.

 

[Flybet3]

Ha! So you finally saw the light about that place? As I recall, you used to defend their bulls**t rather tirelessly. 'S ok though. It does take awhile sometimes to figure out that people are lying bastards. Cheers.

I was very aware of many things there. But I defended the pilots I flew with and even some things you were splitting hairs on. But I never defended the fact that they were bleeding money away, and that they didn't treat us like other fractionals might treat their pilots, like crew meals for example, and not getting MX done.