HOUSTON, July 16, 2012 /PRNewswire/ -- AvStar Aviation Group, Inc. (AvStar) (OTC Pink: AAVG) today announced that its wholly owned subsidiary, Twin Air Calypso Limited, Inc. (TACL), has been in discussions with the City of Naples Airport Authority to provide air carrier service based in Naples, Florida. TACL has formally informed the City of Naples Airport Authority that it will commence its "Naples Connection" air service from Naples, Florida to four Florida destinations beginning October 22, 2012. The service will be the first in what the company is branding as its "Community Airline" concept that is designed to fill the void left in smaller communities by the reduction in major and regional airline service. TACL expects to generate annual revenue in the range of $1MM with its Naples Connection air service.
The Naples air service will be performed using Cessna 208B "Grand Caravan" aircraft and will initially operate to the Florida cities of Miami, Ft. Lauderdale, Key West and Orlando. The Ft. Lauderdale route schedule is designed to connect with TACL's existing flights to the islands of Eleuthera and Abaco in the Bahamas. Additionally, a Piper Navajo Chieftain will be based in Naples as an auxiliary and charter aircraft.
"We are pleased to offer this service to the citizens of Naples, not only will it give Naples travelers access to the business centers and cruise ports of the east coast of Florida, but also the tourist destinations of Key West and Orlando. Additionally, the southwest coast of Florida will now have an efficient way to enjoy the 'family islands' of the Bahamas. The concept of a community airline is one that is tailored to our existing operation and I look forward to seeing what other opportunities are available in the southeast for future expansion," said Clayton Gamber, CEO of AvStar Aviation Group, Inc.
Forward-Looking Statements: Certain statements contained in this release issued by AvStar Aviation Group, Inc. (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
Clayton I. Gamber Jr.
SOURCE AvStar Aviation Group, Inc.