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February 12, 2016 8:15 PM 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 aerial systems, special missions, and ISR aircraft and aero engines. The company provides business aviation aircraft; and Avanti EVO, an aircraft used by the armed forces, government agencies, and private operators, such as air ambulance units, photogrammetric patrol units for territorial control and environmental protection, and flight inspections as a radio measurements and calibration of air navigation aid and instruments. It also offers unmanned medium altitude long endurance class systems; multirole patrol aircraft for ground, coast, maritime and offshore security, and defense applications; P.1HH HammerHead, an ...

Viale Generale Disegna, 1

Villanova d’Albenga, SV 17038

Italy

Founded in 1884

Phone:

39 0182 26 60 50

Fax:

39 0106 48 13 74

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 Operating Officer
Chief Executive Officer At Piaggio Aerospace
Age: 55
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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 15, 2015
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