October 16, 2006

Landmark Aviation signs contract with Avantair for maintenance on Piaggio aircraft fleet

Contract's Estimated Value May Exceed $5 Million Over Five Years

NBAA, Orlando, — Landmark Aviation announced today that it has signed a five-year maintenance service agreement with Avantair Inc. to provide service including heavy maintenance inspections for the fractional carrier's fleet of Avanti P.180 aircraft.

The value of the contract is $5 million over five years and may increase if additional aircraft are serviced.

“Landmark Aviation is pleased to work closely with Avantair to provide comprehensive aircraft service for the Avantair fleet,” said Mark Larsen, Vice President, Large Fleet & Government Accounts. “The agreement provides Avantair with a dedicated heavy maintenance facility at Greensboro, N.C., one of nine Landmark Aviation aircraft service centers in North America offering complete services for corporate aircraft.”

Tracy Chaplin, Chief Operating Officer for Avantair, said, "Avantair owners will be happy to know that Landmark Aviation has a combined 70 years of experience maintaining airplanes. Every aircraft and every repair Landmark will perform on the Avanti P.180 will be inspected and re-inspected to ensure the highest standards of safety for our owners. Avantair is committed to providing the highest qualities of safety to our owners."

The agreement includes routine inspections - C and D checks - for the fractional carrier's fleet of Avanti P.180 aircraft, in addition to 36 Avanti II P.180 aircraft on order.

Landmark's Greensboro operation, an FBO and MRO service center, provides airframe, engine and avionics service in addition to parts sales and a full range of FBO amenities. Services include fuel, de-icing, line service, ground and cargo handling and aircraft handling.

Additional information about our Greensboro operation.


Landmark Aviation, formerly known as Garrett/Piedmont Hawthorne/Associated, is one of North America's largest providers of comprehensive services for the business aviation industry. Serving 43 locations in North America, the company offers a full range of fixed base operations; maintenance, repair and overhaul; aircraft charter, sales and management; and large aircraft completions. Landmark Aviation is headquartered in Tempe, Ariz. Landmark Aviation is a portfolio company of The Carlyle Group.

Avantair Inc. is the exclusive provider of fractional aircraft shares in the Piaggio Avanti P.180 aircraft. The Avanti-the world's fastest turboprop rivals the speed of most light cabin jets in its category. The aircraft also boasts the same size cabin cross section as a super mid-size jet and has the benefit of the fuel efficiency of a turboprop. Avantair offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership.

Media Contact:  Cathy Gedvilas  Phone: 480.377.3193