SOURCE: AVSTAR Aviation Group
HOUSTON, TX–(Marketwire – August 4, 2010) – AVSTAR Aviation Group (
The acquisition of Twin Air Calypso Limited, Inc. is the initial step in the expansion of AVSTAR into the airline sector of the aviation industry. The principals and management of Twin Air Calypso Limited, Inc. have provided service to the Bahamas from South Florida since 1954. AVSTAR has immediate plans to add service to and from several South Florida destination airports, including Miami and West Palm Beach. As mentioned in The Miami Herald on August 3, 2010: “As the gateway to Latin America and the Caribbean, Miami International Airport operates 87 scheduled and charter airlines and counted more than 347,000 flight operations last year — thus generating the lion’s share of the region’s commercial aviation business. That volume acts as a magnet for companies offering goods and services to the sector.”
As the article also mentions, the South Florida Aviation Sector generates around $29.1 billion. That’s almost 25 percent of the county’s total economy. AVSTAR will capitalize on the consistent demand for reliable travel to the Bahamas along with providing premier services and products for the general aviation community.
The AVSTAR team has completed a proprietary market analysis of the FBO market in the light jet segment and has determined that there are over 35 excellent opportunities for potential acquisitions based on traffic trends, geographic opportunities, competitive pricing models and on-field market dynamics. AVSTAR Aviation is currently in discussions with the owners of these targets and is actively raising equity capital that will enable them to be opportunistic and profitable in the aviation sector in 2010 and beyond. Expected annual revenues run between $7 and $9 million through this growth; with continued growth opportunities in 2011, AVSTAR is projecting that they could double those numbers.
About AVSTAR Aviation: AVSTAR Aviation Group, Inc. (“AVSTAR “) has a main focus on acquiring, consolidating, and growing businesses in the aviation industry. Also, the company is focusing on acquiring and/or developing companies that provide products and services for the general aviation service business. For more information please visit, www.avstarinc.com
Forward-Looking Statements: Certain statements contained in this release issued by SatMAX Corporation (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.