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.
Piaggio Aero (Booth No. 1325) took a bold stance during the recession to broaden worldwide recognition of its P180 Avanti II twin turboprop, according to John Bingham, president and CEO of Piaggio America and chief marketing officer for Piaggio Aero. “It paid off for us,” Bingham told AIN. Potential buyers who might not have considered purchasing an Avanti have added the turboprop to their shopping lists, he said.
Fractional Piaggio Avanti operator Avantair late last week announced more fleet expansion, further growth and new personnel hires. Avantair is continuing to take deliveries of new Avanti II turboprop twins and expects to more than double the size of its fleet over the next three years from 52 to 107 aircraft, the Clearwater, Fla.-based company said.
Fractional provider Avantair reported revenues of $35.8 million for its Fiscal Year 2010 second quarter ending December 31. It recorded operating income of $1.4 million versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million.
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
Fractional provider Avantair reported revenues of $35.8 million for its fiscal year 2010 second quarter, which ended December 31. It recorded operating income of $1.4 million, versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million.
Piaggio Avanti II, Greenland, Oct. 16, 2009–The pilot departed Keflavik, Iceland, for a two-hour ferry flight to Narsarsuaq, Greenland. When he reached his destination he encountered inclement weather and decided to divert. The turboprop twin ran out of fuel while attempting to reach the alternate airport at Kangerlussuaq and crash-landed on the icecap approximately 55 miles short of its destination.
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.
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.