Story ID: 452AeroVanti
AeroVanti Club Obtains New Financing
By: Mark Huber
Caption: The company has already used some of the funds to buy a Phenom 100. 
Word Count: 108
AeroVanti Club (Booth 1717) has launched an investment vehicle worth up to $100 million to finance fleet expansion led by Lafayette Aircraft Leasing. The company has received its first new aircraft purchased with that financing, an Embraer Phenom 100, to complement its fleet of Piaggio Avanti P.180 turboprops. 

AeroVanti Club offers individual, family, and corporate memberships and serves destinations in the U.S., Canada, and the Caribbean. Flights are conducted under FAA Part 91F. The company said its business model eliminates initiation fees, expensive hourly rates, capped miles, and inconvenient booking restrictions. Dues are waived through the end of the year for customers who purchase block time.