AvStar Aviation Group, Inc. Announces New Appointments and Updates DOT Commuter Status
HOUSTON, July 12, 2011 /PRNewswire via COMTEX/ -- AvStar Aviation Group, Inc. (AvStar) (OTCQB: AAVG) today announced that its wholly owned subsidiary Twin Air Calypso Limited, Inc. (TACL) has made management appointments in accordance with DOT Commuter Authority requirements. On Friday July 8, 2011 the FAA accepted the appointment of Mr. Arthur Stevenson as Director of Operations and Mr. Luciano Horna as Chief Pilot. Mr. Stevenson, originally hired in 2010 to fill the Chief Pilot position, has also been preparing the DOT application for submission. Mr. Horna, a pilot with 29,000 flight hours and more than 20 years experience operating in the South Florida-Caribbean environment, has been accepted by the FAA to fill the position of Chief Pilot.
Two other TACL employees have also accepted additional responsibilities. Mr. Bernd Sennhenn will act as Assistant to the President and Mr. Walt LeBlanc has been appointed Station Manager for Ft. Lauderdale.
With these appointments TACL is yet one step closer to filing its application for DOT Commuter Authority. Filing should be complete by early August 2011 and approval expected during the 2011-2012 winter season; this authority will allow increased frequency to each of TACL's destinations, advertising and bookings within traditional travel venues, and the ability to pursue code-share agreements with major carriers. These new abilities will have a significant positive impact on revenue and profits. The company plans to release a more detailed report on current and projected revenues in the 10Q for the quarter ended June 30, 2011.
"I am pleased to welcome these gentlemen to their new positions, along with the professionalism they bring and the help they will afford me. I am comfortable in their ability to manage the operations in a safe, and efficient manner," 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.
Contact: Clayton I. Gamber Jr. President/CEO Phone: 713-965-7582 http://www.avstarinc.com cgamber(at)avstarinc(dot)com
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