Piaggio Aero announced a reduced maintenance program for Avanti I/IIs here at EBACE, extending the heavy inspection intervals for the twin turboprop. Under the new inspection schedule, C and D checks–previously due at 1,500 and 3,000 hours, respectively–have been stretched to 1,800 and 3,600 hours.
Clearwater, Fla.-based Piaggio Avanti fractional provider Avantair recalled all of its remaining 15 furloughed pilots yesterday, company CEO Steve Santo told AIN. This brings Avantair’s pilot ranks to 194 people, not including 10 pilots who opted to bypass during the recalls following a voluntary fleet grounding and subsequent pilot furlough late last year.
Piaggio Avanti fractional provider Avantair closed on $2.8 million in new funding yesterday via the issuance of senior secured convertible notes. The notes have a three-year term and an interest rate of 2 percent. In addition, the company restructured its existing aircraft financing arrangements with Midsouth Services, reducing its monthly lease payments by more than $1.8 million during the next 15 months and extending the maturities on two aircraft.
Van Nuys, Calif.-based Elite Aviation has partnered with Piaggio Aero to expand Piaggio Avanti II sales on the U.S. West Coast. Under the agreement Elite will handle Avanti II sales in California, Oregon, Washington and Nevada. “The move into sales is a logical extension for Elite Aviation,” the company said.
Piaggio Aero general manager Eligio Trombetta said at the NBAA Convention today that his company is working on several new product upgrades for the P.180 Avanti II twin turboprop.
New Piaggio Aero general manager Eligio Trombetta was in bullish form at EBACE this week as he outlined plans for the new P1XX jet, the next aircraft to join the Italian airframer’s stable. And it seems that the new model will be more of a step up from the existing P.180 Avanti than some had imagined. “The P1XX ideally will go beyond Europe,” he said.
New Piaggio Aero general manager Eligio Trombetta was in bullish form at EBACE as he outlined plans for the new P1XX jet, the next aircraft to join the Italian airframer’s stable. And it seems that the new model will be more of a step up from the existing P.180 Avanti than some had imagined.
Before the recession truly made its presence felt, Italian OEM Piaggio Aero recognized its impending arrival and adjusted production rates accordingly, said Piaggio America president and CEO John Bingham. “What we were able to do was recognize it early enough to reposition in terms of manufacturing and market access.”
Fractional provider Avantair, which operates only Piaggio Avanti turboprop twins, opened a new operations center at its headquarters at Clearwater/St. Petersburg (Fla.) Airport early last month. The facility–which features three 200-inch screens to track aircraft 24/7 and monitor weather and breaking news–now serves as mission control for all Avantair flights.
It’s no secret that Piaggio Aero has been working on developing a jet, and this work has accelerated with the support of shareholders Tata and Mubadala. According to John Bingham, president and CEO of Piaggio America and chief marketing officer for Piaggio Aero, development of the P1XX jet is ongoing and the recession has allowed Piaggio Aero to hire some new talent to help bring the program to fruition.