Piaggio Aero

June 17, 2009 - 10:00am

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.

May 10, 2009 - 5:32am

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.

October 27, 2008 - 12:05pm

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.

October 5, 2008 - 4:05pm

 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.

October 5, 2008 - 2:15pm

Tata Ltd., a UK-based subsidiary of India’s Tata Sons, announced today at the NBAA Convention that it will buy a one-third share of Italy’s Piaggio Aero Industries, manufacturer of the Avanti II turboprop twin. The proposed investment by Tata, 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.

October 1, 2008 - 5:47am

Italy’s Piaggio Aero has introduced a third cabin choice for its six- to seven-seat Avanti II twin-turboprop, and expects to almost double production this year by ramping up its manufacturing and outfitting processes.

September 3, 2008 - 5:49am

Piaggio Aero has appointed Jet Aviation Dusseldorf an authorized service center for the Avanti/Avanti II turboprop twin. The facility has been performing Avanti/Avanti II maintenance work for more than a decade.

August 29, 2008 - 1:48pm

Piaggio Aero has appointed Jet Aviation Dusseldorf an authorized service center for the Avanti/Avanti II turboprop twin. The facility has been performing Avanti/Avanti II maintenance work for more than a decade.

July 31, 2008 - 10:08am

Italian government investment group Sviluppo Italia has bought a 20-percent stake in Piaggio Aero Industries for $20 million ($22.4 million). At the same time, the Italian airframer’s existing private shareholders have injected a further $15 million ($16.8 million) in fresh capital to fund new product development and increased manufacturing capacity.

July 14, 2008 - 11:54am

Piaggio Aero Industries is developing a special version of the P.180 Avanti for the Italian air force intended for navaid flight inspections. Private firm Norwegian Special Mission will supply its Unifis 3000 inspection terminals for the reconfigured airplanes, due to enter service in 2010. Italy’s Aeronautica Militaire 14th Stormo is providing four Avantis from its fleet for upgrades with the flight inspection gear.

 
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