Maryland-Based AeroVanti Raises $9.75M; Offers Private Flight Experience For Monthly Rate

Maryland-based AeroVanti Air Club announced it has engaged Network1 Financial Securities Inc. to raise up to $9.75 million in a Series A fundraising round. The company believes this capital infusion will position the charter aviation club, which has experienced 20X growth since launching in June 2021, to continue to scale its operations, grow its fleet, and expand its destination offerings and flight availability to its growing roster of delighted customers.

Per the press release: AeroVanti has completely reimagined air travel and is in the midst of redefining the entire charter aviation industry, a $25 billion-a-year industry. Through its unique, tiered membership model (as low as $1,000 per month) and competitive hourly pricing at a fraction of the industry standard, AeroVanti has created a completely new market segment in private aviation. AeroVanti members are not burdened by costly initiation fees, expensive hourly rates, capped miles or inconvenient booking restrictions like other membership-based charter services.

Its namesake aircraft’s (Piaggio P. 180 Avanti) speed and efficiency reduce operations costs without sacrificing luxury, and the fleet expansion will keep the member-to-aircraft ratio lower than the industry average, ensuring a magnificent member experience. “Since launching last summer, we have relentlessly pursued the ultimate charter aviation experience for our members and to prove that luxury and convenience are not mutually exclusive,” said AeroVanti Founder and CEO Patrick Britton-Harr. “Amid remarkable growth, we’re always looking to enhance that travel experience. This includes our fleet and personnel expansions to acquisitions to support our increased operational efficiencies to adding more available and new destinations.”

In March 2022, AeroVanti announced it closed on a major industry acquisition of Arizona-based Marjet Aviation. The acquisition expanded AeroVanti’s fleet, its experienced pilot and personnel roster, and its operations and logistics capabilities. The acquisition included the conversion of Marjet’s Federal Aviation Administration (FAA) Part 135 Certification to AeroVanti, which upgrades its operations and positions the company to continue to rapidly scale.

The fleet expansion included AeroVanti’s signature Piaggio P. 180 Avanti aircraft and other turboprops. Cruising at 41,000 feet and reaching speeds up to 462 mph, the Avanti is one of the fastest planes in its class, beating out both the Beech King Air 350 and 360. Powered by the same Pratt & Whitney Canada PT6A-66 engines as the Beech Super King Air 200, the Avanti is 115 mph faster. In addition to being faster and more affordable than its competitors, AeroVanti has one-third the carbon footprint, making it the top option for the sustainability-conscious passenger.

AeroVanti offers its air club members an exclusive private aviation experience through individual, family and corporate memberships. Current on-demand destinations, which are rapidly expanding, span the entire eastern U.S. With its ultra-competitive pricing, flexible membership options and completely bespoke service, AeroVanti created an entirely new market segment and redefined private charter aviation as it exists today.

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17th Annual Kensington Day of the Book Festival

Now in its 17th year, the Kensington Day of the Book Festival is a family-friendly street festival featuring 150+ renowned authors, poets, and literary organizations. Enjoy live music on five stages, special guest speakers, military veteran writers and comedians, poetry readings, cookbook demos, children's program, and much more.

Admission is free, and attendees will also be able to explore a marketplace of books and food offerings from local vendors.

Not your average book festival! This festival offers something for everyone!

17th Annual Kensington Day of the Book Festival

Sunday, April 21, 2024, 11am-4pm (held rain or shine!)

Howard Avenue, Kensington, MD 20895

www.dayofthebook.com

Instagram: @kensingtonbookfestival

Contact: Elisenda Sola-Sole, Festival Director

[email protected]

301-949-9416 (text preferred)

FEST OF SPRING Caribbean Wine Food & Music Festival

Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.

Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.

Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.

Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.

As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.

Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.

LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!

MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME

2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES

KIDS 12 & UNDER FREE!!!

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