Piaggio Aero Industries tapped John Bingham to serve as president and CEO of Piaggio America, as well as a member of Piaggio Aero’s board. Bingham’s career spans the high-end luxury automobile industry, where he served as vice president of Rolls-Royce and Bentley Motor Cars, and most recently in general aviation as Cirrus Design’s executive vice president. Former Piaggio America president and CEO
Three new service centers located in Fort Lauderdale, Toronto and Montreal have been added to the Piaggio Aero network. West Star Aviation in East Alton, Ill., received a similar designation two months ago. According to a Piaggio spokesman, an additional center is scheduled to be opened in Calgary, Canada, early next year. Piaggio Aero’s authorized service centers provide factory-authorized maintenance and modification on all Piaggio Avantis.
Dubai Airshow shoppers looking to buy an aircraft made by a locally owned company need look no further than the Piaggio Avanti II. The eye-catching twin turbo-prop exudes the Italian style of its origins but Piaggio Aero Industries itself is exhibiting here under the auspices of its one-third shareholder Mubadala Development Co. of Abu Dhabi (Stand C510).
Piaggio Aero CEO Alberto Galassi yesterday confirmed that the company’s much anticipated, follow-on aircraft to the P.180 Avanti II turboprop would be a jet. “Definitely,” he said.
It has been one year since one of the world’s largest industrial conglomerates, India’s Tata Sons, purchased a one-third share of Piaggio Aero Industries, joining Italy’s Ferrari and Di Mase families and Mubadala Development of Abu Dhabi, UAE, as a primary shareholder.
A pair of significant milestones underscores West Star Aviation’s continued growth in a depressed economy. The company is in the final stage of a planned service capabilities expansion and facilities consolidation at its Dallas Love Field (DAL) location. In addition, the company’s East Alton, Ill. (ALN) facility has been named a Piaggio Aero authorized service center.
Piaggio Aero has signed an memorandum of understanding with Sabena Technics that sets the framework for a contract to paint part of its P.180 Avanti twin business turboprop aircraft.
Under the terms of the proposed contract, Sabena would carry out painting services on new aircraft that roll out of Piaggio Aero’s facilities in Genoa, Italy. Sabena expects to start painting its first livery by the end of next month.
Piaggio Aero Industries’ new management team is still refusing to go public on long-rumored plans that it will launch a new jet program. At the same time, the Italian manufacturer has reported that production rates for the existing P.180 Avanti II twin pusherprop are holding up well in soft market conditions.
Tata Ltd., a UK-based subsidiary of India’s Tata Sons, has agreed to take a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin. The proposed investment by Tata Ltd., which was expected to receive regulatory and other approvals last month, includes the purchase of existing shares from current shareholders and a new share offering.
India’s Tata Sons, has agreed to buy a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin.
Announced to the financial press on Thursday and at an NBAA press conference yesterday, the proposed investment by Tata Ltd., which is expected to receive regulatory and other approvals later this week, includes the purchase of existing shares from current shareholders and a new share offering.