Avantair, Inc. Announces Fiscal Third Quarter 2007 Earnings Conference Call.

CLEARWATER, Fla. -- Avantair, Inc. (OTCBB:AAIR)(OTCBB:AAIRU)(OTCBB:AAIRW) ("Avantair"), the only publicly traded stand alone fractional operator, will host a conference call to discuss financial results for its fiscal third quarter ended March 31, 2007 on Tuesday, May 15, 2007 at 4:30 p.m. Eastern Time. Avantair will announce its financial results for this period in a press release after the market close on Tuesday, May 15, 2007.

This call is being webcast and can be accessed by visiting the Investor section of our website at www.avantair.com. Investors may also listen to the call via the phone by dialing [phone]. In addition, a telephone replay will be available by dialing [phone] (pass code 8079471) through May 29, 2007, at 11:59 p.m. Eastern Time.

About Avantair

Headquartered in Clearwater, FL, Avantair Inc. is the exclusive North American provider of fractional aircraft shares in the Piaggio Avanti P.180 aircraft. Avantair is the fifth largest company in the North American fractional aircraft industry and the only stand alone fractional operator. The company currently manages a fleet of 32 planes with another 52 Piaggio Avanti IIs on order. It also recently announced an order of 20 Embraer Phenom 100s. Avantair, with operations in 5 states and approximately 270 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership.