HOUSTON, Jan. 28, 2011 / / — AvStar Aviation Group, Inc. (AvStar) today announced that February 15, 2011 has been set as the tentative closing date for the acquisition of a 35% interest in Aircraft Charters, LLC. The Letter of Intent for this acquisition was first announced in late December 2010

AvStar also announced today that its wholly owned subsidiary, Twin Air Calypso Limited, Inc. (Twin Air Calypso) will be moving their passenger and freight operations to new facilities. February 15, 2011 is the projected date for the passenger operations of Twin Air Calypso to move into the newly constructed complex of Sheltair Northside. Sheltair Northside is located at the Ft. Lauderdale-Hollywood International Airport (FLL) and Twin Air Calypso will occupy approximately 2400 sq. ft. of the complex for passenger operations. Freight operations will be conducted from an adjoining building of the same complex. In addition to rental savings over the current facility, the relocation agreement includes a tenant preferred fuel rate, which will save the company more than $75.000.00 per year based upon current operations. These savings will increase the company’s profitability and shareholder value.

“Twin Air Calypso’s move to the new facility will give the company a new image and allow us to better accommodate our clients. By separating the passenger and freight operations the passengers will enjoy an airline terminal atmosphere while the freight operations will be able to expand with the additional space. The fuel cost reduction contributes directly to the bottom-line and will increase as our operations expand. This move along with the appointment of Art Stevenson as Chief Pilot provides us the infrastructure for our move to commuter status. With the improvement we already see in this year’s revenues, and the anticipated opening of West Palm Beach, 2011 will be a watershed year for Twin Air Calypso Limited, Inc. All of our associates are excited about this move and look forward to welcoming our clients to our new surroundings,” said Clayton Gamber, CEO of AvStar Aviation Group, Inc.

The post AvStar Aviation Group first appeared on George Hatcher's Air Flight Disaster.

Arthur Stevenson is an Airline Transport Pilot having flown over 142 different types of aircraft while accumulating over 11,000 flight hours. Arthur’s experience includes more than 11 years as point of contact with the FAA in the development and continuing operations of Part 135 Air Carriers. Positions previously held by Arthur include Line Pilot, Chief Pilot, Company Instructor, Company Check Airman, and Director of Operations with air carriers operating aircraft up to 19 passenger seats. Arthur also developed the “Operations”, “Maintenance”, “Training” and “First Responders” manuals for the Monroe County Florida Sheriff’s EMS helicopter operation based in the Florida Keys.

“I am pleased to have someone with Art’s credentials join Twin Air Calypso Limited, Inc. His experience with larger aircraft and commuter operations will make our transition into these areas quicker and more efficient. We will be able to develop the required manuals and procedures ‘in-house’ thereby making their implementation easier and more cost effective,” said Clayton Gamber, CEO of AvStar Aviation Group, Inc.

In December 2010 AvStar announced a Letter of Intent (see http://www.prweb.com/releases/2010/12/prweb4920324.htm for the full announcement) had been signed to purchase 35% of Aircraft Charters, LLC. Aircraft Charters, LLC is the owner of the aircraft currently leased to and operated by AvStar’s wholly owned subsidiary Twin Air Calypso Limited, Inc. The purchase is expected to close in January of 2011.

“The purchase of Aircraft Charters, LLC will improve the balance sheet of AvStar while the addition of Art will improve the Income Statement. With Art’s experience we will be able to expedite the transition to the ‘Commuter’ operator designation as given by the FAA. With the ‘Commuter’ designation Twin Air Calypso Limited, Inc. will gain worldwide exposure through the airline industry’s established marketing services available only to ‘Commuter’ operators,” said Clayton Gamber, CEO of AvStar Aviation Group, Inc.

The post AvStar Aviation Group, Inc. Announces Chief Pilot Appointment first appeared on George Hatcher's Air Flight Disaster.