Just weeks after announcing a major $9.75 Series A funding round, Maryland-based AeroVanti Club has new investment of up to $100 million, led by Lafayette Aircraft Leasing, to fund significant fleet expansion and allow it to rapidly scale to meet customer demand. The first aircraft, an Embraer Phenom 100, recently arrived at the company's headquarters in Sarasota, Florida.
In a little more than a year since launching, AeroVanti claims it has experienced 400 per cent growth with services at a fraction of competitor's prices. The fleet expansion will allow AeroVanti to keep its member-to-aircraft ratio lower than the industry average without sacrificing any of the luxury one expects with private travel.
“Our mission at AeroVanti is simple: to transform private aviation and modern travel as we know it so that our members can enjoy both luxury and value, never having to sacrifice one at the expense of the other,” says founder and CEO Patrick Britton-Harr. “We offer our members both convenience and exclusivity, and this investment will fuel our relentless pursuit of this goal.”
AeroVanti members are not burdened by costly initiation fees, expensive hourly rates, capped miles or inconvenient booking restrictions, and in addition to being fast and affordable, its fleet of Piaggio P180 Avantis has one third the carbon footprint, making it the top option for the sustainability-conscious passenger.
Dues will be waived for block-time purchasers for the remainder of this year.