Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

Piaggio Aerospace, which entered extraordinary receivership in late 2018, has lined up €30 million ($35.79 million) in new financing, clearing the way for the Italian manufacturer of the Avanti Evo pusher turboprop to fully resume operations and continue the effort to find a buyer. The financing agreement with Banca lfis follows approval from the Italian Ministry of Economic Development and the approval of the Supervisory Committee.

 


"The agreement, reached at the end of a process that has initially involved other public and private financial institutions, will now allow Piaggio Aero Industries and Piaggio Aviation—the two companies in extraordinary administration that operate under the Piaggio Aerospace brand—to be fully operational,”&nbsp;said Vincenzo Nicastro, the extraordinary commissioner for Piaggio,&nbsp;"thus gradually recalling the workers still in temporary layoffs. The sales process can also be now completed.”

 


The transaction is the second that Banca lfis has conducted with Piaggio, with the first involving a line of credit granted in 2019.

 


Nicastro is hoping to find a new owner for Piaggio by the end of the year. Piaggio in late February formally issued a call for expressions of interest and received 19 responses, 11 of which have been undergoing further review.

 


Bolstering Piaggio’s salability was the receipt of a recent multi-year integrated logistical support contract for the Italian Armed Forces, boosting the company’s overall backlog to €640 million with orders for another €260 million currently in negotiations.

Financing Clears Path for Piaggio Aerospace Operations

Piaggio Aerospace is continuing to search for a buyer as it moves to fully resume operations thanks to a new €30 million credit facility.

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