Sentient Jet Acquires Atlantic Aviation Flight Services; Leading Jet Membership Company Adds Deep Operational Capabilities to Support Record Growth.NORWELL, Mass. -- Combines the Benefits of Sentient sentient /sen·ti·ent/ (sen´she-ent) able to feel; sensitive. sen·tient adj. 1. Having sense perception; conscious. 2. Experiencing sensation or feeling. Membership Model and Atlantic's Aircraft Management and Operational Expertise Sentient Jet, the leading provider of private jet membership, today announced its acquisition of Atlantic Aviation Flight Services (AAFS AAFS American Academy of Forensic Sciences AAFS African American Family Services AAFS Amphibious Assault Fuel System AAFS Academy of Ambulatory Foot Surgery AAFS ABN AMRO Financial Services, Inc. AAFS Advanced Airburst Fuze System AAFS Activate Arabic Form Shaping ), a highly respected aircraft management and charter services operator that has been in business for more than 75 years. Sentient acquired AAFS from Voyager Voyager, airplane Voyager, the first airplane to circumnavigate the earth nonstop on a single load of fuel. Designed by Burt Rutan and flown by Dick Rutan and Jeana Yeager, Voyager took off from California on Dec. Group, a private equity company based in Pittsburgh, PA. The acquisition of Atlantic gives rapidly-growing Sentient access to Atlantic's fleet of aircraft and brings the flexibility and value of the Sentient membership model together with Atlantic's industry-renowned expertise in aircraft management and flight operations. It also allows Sentient to effectively meet its fast-growing membership demand with a core base of aircraft supply. "Private jet membership is the future of private aviation for individuals and corporations and the acquisition of Atlantic positions Sentient at the forefront of this incredibly fast-growing market," said Steven Hankin, chief executive officer of Sentient. "The Sentient model, which offers greater flexibility and value than fractional ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. and fractional fractional size expressed as a relative part of a unit. fractional catabolic rate the percentage of an available pool of body component, e.g. protein, iron, which is replaced, transferred or lost per unit of time. card programs, is simply the smartest way to approach private aviation. This is clearly reflected in the explosive and sustained growth that Sentient is experiencing. The addition of Atlantic puts Sentient in an ideal position to continue our rapid expansion and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. a huge market opportunity." "We are thrilled about joining Sentient," said Scott Galdi, president of Atlantic Aviation Flight Services. "Sentient founded the membership market and has been a leading innovator in private jet travel for the past five years. The company has a significant level of demand that will promote a very healthy level of utilization for the aircraft we manage. We believe this is good for Atlantic and our customers as well as for other operators that qualify to participate in the Sentient program." All of the aircraft management and flight services that Atlantic currently provides for its clients will continue their normal operations Generally and collectively, the broad functions that a combatant commander undertakes when assigned responsibility for a given geographic or functional area. Except as otherwise qualified in certain unified command plan paragraphs that relate to particular commands, "normal operations" of . As part of the acquisition, Scott Galdi and key members of the management team will continue to oversee Atlantic as well as support the operations of Sentient. Atlantic will continue to operate under its FAR Part 135 compliance certificate, which is in line with Sentient's policy that every jet participating in its membership program operate under strict Part 135 guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. . "This transaction is highly positive for all involved," said James J. Dolan, chief executive officer of Voyager Group. "The demand for service created by Sentient's customer-focused business model requires additional capacity, which Atlantic provides. As the operator of Voyager Jet Center, we believe our affiliation with Sentient will create additional demand for our services to support the growing Sentient program." Mr. Hankin commented, "The acquisition of Atlantic will allow Sentient to continue to enhance our operational capabilities. Atlantic is one of the most respected organizations in the industry and they share our extraordinary commitment to safety, as evidenced by the fact that they are both Wyvern wyvern protector of treasure and wealth. [Heraldry: Halberts, 40] See : Guardianship recommended and ARG/US Platinum rated. They bring a wide range of operational expertise and a focus on service quality that is entirely consistent with our philosophy. We will be able to leverage Atlantic's expertise across the company." SENTIENT HISTORY AND MARKETPLACE TRENDS Sentient created the private jet membership category when the company was founded in 1999. Through its membership program, Sentient provides a fully-refundable TravelCard that gives customers access to a network of executive-class aircraft at a better value than fractional ownership, which has substantial long-term commitments and capital risk. Sentient membership is completely flexible, offering members the freedom to choose the category of jet for each and every flight based on the purpose of their trip. While the growth rate for fractional ownership has slowed significantly, the growth rate for membership is accelerating. This shift in demand reflects the value and flexibility benefits of the membership model. About Sentient Jet Sentient Jet, Inc., headquartered in Norwell, MA, is the leader in private jet membership. Members enjoy access to premium executive class aircraft with a guaranteed response time anywhere in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. in ten hours or less. All flights are operated by FAR Part 135 carriers. Operators providing service for the Sentient Private Jet Membership program must meet both FAA safety requirements and additional Sentient safety standards Safety standards are standards designed to ensure the safety of products, activities or processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory. . The Sentient program is the flexible, safe, convenient and economically prudent approach to private jet travel. More information is available at www.sentient.com. About Atlantic Aviation Flight Services Atlantic Aviation Flight Services, Inc. provides executive aircraft charter, full management services, and acquisition services to over 350 clients in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Atlantic Aviation Flight Services has been managing aircraft for over 75 years and offering FAR Part 135 air charter operations for over 35 years. Atlantic currently has bases of operations in eight states including NJ, NY, CT, PA, MA, DE, FL and CA. Atlantic's fleet consists of a wide selection of aircraft and manufacturers, including Gulfstream, Falcon, Challenger, Hawker, Beechjet, Learjet, Citation Citation (foaled 1945) U.S. Thoroughbred racehorse. In four seasons he won 32 of 45 races, finished second in ten, and third in two. He won the 1948 Triple Crown, and became the first horse to win $1 million. He set a world record in 1950 by running a mile in 1:33 3/5. and King Air products. Atlantic Aviation Flight Services is committed to providing superior service and value to our clients by continually representing their best interests in every decision, never compromising safety, quality or integrity. More information is available at www.atlanticflight.com. About Voyager Group Voyager Group, based in Pittsburgh, PA, is a private equity company with diversified diversified (di·verˑ·s holdings including private aviation, real estate development, and information technology. Voyager operates Voyager Jet Center, an aircraft management and fixed base operator at Allegheny County Airport Allegheny County Airport (IATA: AGC, ICAO: KAGC) is located in West Mifflin, Pennsylvania, four miles (6 km) southeast of the city of Pittsburgh. The airport is owned by the Allegheny County Airport Authority and serves as the primary FAA designated reliever in Pittsburgh, and Yellowstone Jetcenter, at Gallatin Field in Bozeman, MT. More information is available at www.voyagergrp.com. |
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