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Avantair Inc. to Report Fiscal Second Quarter 2008 Financial Results On February 14

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| Source: Avantair, Inc.

CLEARWATER, Fla., Feb. 7, 2008 (PRIME NEWSWIRE) -- Avantair Inc. (OTCBB:AAIR) (OTCBB:AAIRU) (OTCBB:AAIRW) ("Avantair") the only publicly traded stand-alone fractional operator and the exclusive provider of fractional shares in the Avanti P.180 aircraft, today announced that it will release its financial results for the second quarter of fiscal 2008 ended December 31, 2007 after the stock market close on Thursday, February 14, 2008.

Following the press release, Chief Executive Officer Steven Santo, Chief Financial Officer John Waters and Executive Vice President, Maintenance and Operations Kevin Beitzel will hold a conference call with the financial community at 5:00 p.m. Eastern on the same day to review the Company's financial results and provide an update on business developments.

Interested parties may participate in the conference call by dialing 800-218-4007 (303-262-2190 for international callers). When prompted, ask for the "Avantair Inc. Fiscal Second Quarter 2008 Earnings Conference Call." A telephonic replay of the conference call may be accessed approximately two hours after the call through February 21, 2007, by dialing 800-405-2236 (303-590-3000 for international callers). The replay access code is 11108683#.

The conference call will be webcast simultaneously on the Avantair Inc. website at www.avantair.com under Investors. The webcast replay will be archived for 12 months.

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 standalone fractional operator. The company currently manages a fleet of 37 planes with another 48 Piaggio Avanti IIs on order. It also has announced an order of 20 Embraer Phenom 100s. Avantair, with operations in 5 states and approximately 300 employees, offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership. For more information about Avantair, please visit: www.avantair.com.

The Piacente Group
Brandi Piacente
212-481-2050