Palm Beach, Fla.-based Piaggio America–the North American representative for Piaggio Aero, the Italian company that manufactures the Avanti twin turboprop–will create an “OEM-trained team with the support of additional specialists furnished from Italy” to offer restoration services to fractional share owners of Avantis grounded by the bankruptcy of Avantair, Piaggio America president and CEO John Bingham told AIN yesterday.
Rockwell Collins and Piaggio announced an upgrade program for the Piaggio Avanti twin turboprop. The program, available from Ruag Aviation, allows operators to upgrade their Pro Line 4 avionics to Pro Line 21. The Pro Line 21 P180 cockpit will be equipped with three or four 10-inch by 8-inch LCDs and Rockwell Collins’s Integrated Flight Information System, plus a new FMS and GPS-4000 that enables Waas LPV and space-based augmentation system with vertical guidance approaches.
Piaggio Aero has unveiled its P.1HH HammerHead unmanned aerial system (UAS) at the Paris Air Show. First announced in February at the IDEX show in Abu Dhabi, the HammerHead program is based on the company’s P180 Avanti II twin-turboprop business turboprop, but it has reinforced wings with greater area offering extended range and endurance.
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.
After a 10-year hiatus, Piaggio America is exhibiting at the Sun ’n Fun Fly-in, which is being held this week in Lakeland, Fla. The West Palm Beach, Fla.-based North American sales arm of the Italian aircraft manufacturer is displaying a demonstrator Piaggio Avanti II twin turboprop until the airshow ends on Sunday. The Avanti II will also participate in the aircraft flying display this afternoon at the airshow, Piaggio added.
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.
Piaggio today made its first Chinese delivery of the P180 Avanti II twin turboprop. On the first day of Airshow China 2012 in Zhuhai the Italian manufacturer handed over one of two Avantis acquired by its exclusive Chinese distributor CAEA Aviation Investment Company.
Embry-Riddle Aeronautical University took a leap forward toward its commitment to become an entrepreneurial go-to resource for the aerospace industry this week when the university announced an agreement with Montreal-based Advanced Aerospace Solutions (AdvAero), a U.S. joint venture with Marinvent Corporation.
Abu Dhabi Autonomous System Investments (ADASI) signed a contract with Piaggio Aero today at the Farnborough Airshow for the Piaggio Aero MPA (multi-role patrol aircraft), a new special-missions surveillance aircraft based on the P.180 Avanti II. The agreement calls for aircraft launch customer ADASI to provide financing for Piaggio to build two prototypes. First flight is scheduled for 2014.
Coming off its first two airplane sales in China, announced last month, Italian manufacturer Piaggio Aero is eager to prove here at the ABACE show that those two P.180 Avanti IIs represent just the opening of the door into the Chinese business aviation market.