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July 03, 2015 4:45 AM ET

Aerospace and Defense

Company Overview of Piaggio Aero Industries S.p.A.

Company Overview

Piaggio Aero Industries S.p.A. designs, develops, constructs, and maintains aircraft and aircraft engines in Italy and internationally. The company provides P 180 AVANTI II and P166, light utility aircraft; and structural components and parts. It also offers maintenance, repair, and inspection services for aircraft; and after sales services. Piaggio Aero Industries S.p.A. was founded in 1884 and is based in Rome, Italy with service centers in Genoa International Airport, Rome's Ciampino Airport, and the Pratica di Mare military airport.

Viale Castro Pretorio, 116

Rome, RM 00185

Italy

Founded in 1884

Phone:

39 0644 70 20 44

Fax:

39 0644 70 20 45

Key Executives for Piaggio Aero Industries S.p.A.

Chief Executive Officer and Director
Age: 51
Chairman and President
Age: 70
Chief Financial Officer
Chief Commercial Officer and Deputy General Manager
Senior Vice President of Government Sales and Institutional Relations
Compensation as of Fiscal Year 2015.

Piaggio Aero Industries S.p.A. Key Developments

Piaggio Aero Industries S.p.A. Wins New Avanti EVO Contract from Rozmey Air Sdn Bhd

Piaggio Aero Industries S.p.A. announced at the Paris Air Show a new Avanti EVO contract with a Rozmey Air Sdn Bhd, which will use it for charter activities. The aircraft will be based in North of Malaysia. To be delivered by the end of year 2015, the Rozmey Air Avanti EVO will have an extended range and full optional configuration, with VIP interiors in the typical 'Made in Italy' style that characterizes this third generation of Piaggio Aerospace’s business aircraft. It will be equipped with CVFDR (Cockpit Voice & Flight Data Recorder), TCAS II (Traffic Collision Avoidance System), and In Flight Entertainment System. In order to ensure effective maintenance services to its Malaysian customers, Piaggio Aerospace will cooperate with Aerial Power Lines (APL), a Malaysian company active in airframe maintenance for both rotorcraft and fixed wing aircraft.

Piaggio Aerospace to Deliver VIP Avanti EVO to Kris Sakti Holdings

Piaggio Aerospace announced that it will deliver a new, VIP configured Avanti EVO aircraft to Kris Sakti Holdings. The aircraft, which will be delivered in the first half of 2016, will include the most advanced Avanti EVO avionic package. The agreement foresees also the supply to Kris Sakti Holdings of customised after-sales services, such as training, spare parts and a dedicated field representative. Avanti EVO combines Italian style and ground-breaking aviation technology. Due to its extended range, superior climb performance, class-leading fuel economy and spacious cabin, Avanti EVO is one of the most sophisticated aircraft in its market segment, able to combine high efficiency, reduced operating cost, environmental friendliness and greater level of comfort for passengers.

Piaggio Aero Industries S.p.A. Signs Contract with Chinese Sparkle Roll Investment Holdings Limited

Piaggio Aero Industries S.p.A. has signed a contract for the sale of two P.180 Avanti II aircraft plus 8 options to Chinese Sparkle Roll Investment Holdings Limited. The contract, which was signed at the NBAA 2013 business aviation convention in Las Vegas, envisages that the P.180 Avanti II aircraft will be delivered starting from March 2014. The aircraft could be immediately operated to the certification which Piaggio Aero obtained by the Administration of Civil Aviation of China (CAAC) in 2011.

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