22-Plane Deal Worth More Than $150 Million
Piaggio Aero Industries and Avantair signed an agreement this
week at NBAA 2007 calling for 22 Piaggio P.180 Avanti II aircraft
to be delivered to Avantair starting in 2011 and continuing through
2012. The pending deal is worth more than $150 million.
When the new order is completed, Avantair's fleet will include
107 P.180 Avanti aircraft.
"This agreement is one of the largest sales in the history of
Piaggio Aero," said Josè Di Mase, Piaggio Aero Industries
CEO. "The demand for Avanti II aircraft continues to increase and
this agreement will assure Avantair has a steady stream of aircraft
for its fractional fleet through 2012."
"Avantair's choice of the Avanti II for this new order reaffirms
the attractiveness of this aircraft for the growing fractional
market," said Eric Hinson, Piaggio America CEO. "We are excited to
continue providing a sophisticated, fuel efficient aircraft for
Avantair and build upon our long and successful partnership."
"Avantair has experienced remarkable growth during the past two
years," said Steven Santo, CEO of Avantair. "Our commitment to the
highest quality service and the competitive advantages of this
wonderful aircraft have really created a strong demand in the
fractional marketplace. We are proud to be the only fractional
provider in the US offering the Avanti II. Pending board approval,
this order will help further the growth of our company."
The tri-lifting-surface, twin-pusher-turboprop P.180 Avanti
II is equipped with fully digital, automatic flight control and the
latest generation Rockwell Collins Pro Line 21 avionics. The system
provides the pilot with better situational awareness, resulting in
even higher levels of safety, efficiency, flexibility and
The Italian-designed and built aircraft is certified for single
pilot operation and seats up to nine passengers. Holder of numerous
speed records, the P.180 Avanti II is capable of flying over 1,700
nautical miles at up to 402 kts. and cruises at altitudes up to