Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Airvana, Inc. -

New York, NY, December 29, 2009 -- Levi & Korsinsky is investigating the Board of Directors of Airvana, Inc. (“Airvana” or the “Company”) (NasdaqGM: AIRV) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to a company to be owned by affiliates of S.A.C. Private Capital Group, LLC, GSO Capital Partners LP, Sankaty Advisors LLC and ZelnickMedia. Under the terms of the transaction, Airvana shareholders will receive $7.65 in cash for each share they own for a total transaction value of approximately $530 million.

The investigation concerns whether the Airvana Board of Directors breached their fiduciary duties to Airvana shareholders given that the offer price is only a small premium over the $7.06 price the Company's shares traded at as recently as September 28, 2009 and at least one analyst set a price target for Airvana stock at $8.50 per share.

If you own common stock in Airvana and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/airv1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

CONTACT: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Fax: (212) 363-7171, www.zlk.com
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Contact:
Joseph Levi
Levi & Korsinsky, LLP
30 Broad Street - 15th Floor
New York, NY 10004
212-363-7500
info@zlk.com
http://www.zlk.com