Mubadala Aerospace, an entity owned by the government of Abu Dhabi, has taken full control of Italy’s Piaggio Aero, maker of the Avanti II turboprop. Mubadala has been a shareholder in Piaggio Aero since 2006.
Over the past several years, Piaggio has increased its worldwide service network and committed to expansion in the Asia Pacific region. In furthering these initiatives, the airframer on Tuesday designated Tianjin International Airport-based Freesky Aviation as its first authorized service center on mainland China.
Starman Brothers Auctions has released the time and address for Friday’s auction of assets from bankrupt Avantair. The auction will start at 9 a.m. at 13000 Automobile Boulevard, Suite 501, in Clearwater, Fla., with a preview day on Thursday at the same site. The auctioneer’s website has a complete listing of assets to be sold, including Piaggio Avanti fuselages, aircraft tugs, golf carts, automobiles, a custom motorcycle and various aircraft parts, shop equipment, office furniture and computers.
Piaggio Avantis formerly in the Avantair fleet, stripped of their airworthiness certificates (ACs) by the FAA in the wake of the August bankruptcy of the Clearwater, Fla.-based fractional program operator, now have approved paths to recertification.
Both Tawazun and Mubadala are displaying models of the new maritime patrol aircraft (MPA) version of the Piaggio Avanti that is under development for Adasi, a Tawazun subsidiary. Piaggio Aero, in which Mubadala has a large stake, is developing the aircraft platform with a long-span wing and increased foreplane and tailplane area, among other changes. Sweden’s Saab has been employed to provide the mission system. The MPA will be operated by a crew of four, comprising a pilot, two sensor/system operators and a mission commander.
Italy’s Piaggio Aero Industries (Stand 1906) announced before the Dubai Airshow that India’s Tata group is now its largest shareholder, with 44.5 percent of the company’s new equity.
ACEA (Beijing) Aviation Investment, the Piaggio Avanti distributor in Mainland China, signed a contract yesterday at NBAA 2013 with SR Jet, a division of Beijing-based Sparkle Roll Investment Holdings, for the purchase of two extended-range Avanti IIs with options for eight more. The aircraft will incorporate an additional tank with a 400-pound capacity, increasing the maximum fuel on board to 3,226 pounds from 2,826 and extending the maximum range by 250 nm, to 1,720 nm with IFR reserves.
Piaggio Aero Industries, Italian manufacturer of the P.180 Avanti II twin turboprop, and ACEA (Beijing) Aviation Investment Co., exclusive distributor for the aircraft in Mainland China, signed a contract here at NBAA 2013 yesterday with SR Jet, a division of Beijing-based Sparkle Roll Investment Holdings, for the purchase of two Avanti IIs with options for an additional eight.
The first of 56 Avanti P.180 turboprop twins from the former fleet of bankrupt Avantair has had its airworthiness certificate revalidated by the FAA, Italian aircraft manufacturer Piaggio told AIN yesterday at NBAA 2013. Avantair was grounded in June, and the airworthiness certificates for all of its aircraft were revoked by the FAA, due to lax maintenance.
Italian aircraft manufacturer Piaggio has told AIN that the first of 56 Avanti P.180 twin-turboprop aircraft from the former fleet of bankrupt Avantair has had its airworthiness certificate revalidated by the FAA. Avantair was grounded, and the airworthiness certificates of all its aircraft were revoked by the FAA, after lax maintenance at the failing fractional program operator came to light earlier this year.