Mubadala Aerospace is celebrating in Singapore this morning as Piaggi Aero - the business aircraft manufacturer in which the Abu Dhabi business owns a third share - has made its first entry into the Chinese market.
Piaggio and CAEA (Beijing) Aviation Investment Co., Ltd. officially announced the deal for the first two P.180 Avanti II aircraft in China at the Singapore Air Show today . The aircraft will be delivered in Beijing in July 2012 and will be operated in China following Piaggio Aero’s CAAC Certification that was obtained in October 2011
CAEA Aviation Investment Co. Ltd has also been appointed as the Exclusive Sales Agent for Piaggio Aero P.180 Avanti II aircraft in mainland China.
Speaking on the Mubadala stand at the show this morning a Piaggio spokeman said China has huge aviation potential. and its fast expanding regional aviation market is expected to grow and open rapidly in the coming years with the Chinese Government moving to tap its enormous potential.
“This deal with CAEA Aviation starts an important partnership for Piaggio Aero and will help to further promote our unique P.180 Avanti II aircraft in the region. We are also delighted to welcome CAEA Aviation as the first Chinese Avanti II operator,” said Alberto Galassi Piaggio Aero's CEO.
CAEA Aviation Investment Co. Ltd has also been appointed as the Exclusive Sales Agent for Piaggio Aero P.180 Avanti II aircraft in mainland China.
Speaking on the Mubadala stand at the show this morning a Piaggio spokeman said China has huge aviation potential. and its fast expanding regional aviation market is expected to grow and open rapidly in the coming years with the Chinese Government moving to tap its enormous potential.
“This deal with CAEA Aviation starts an important partnership for Piaggio Aero and will help to further promote our unique P.180 Avanti II aircraft in the region. We are also delighted to welcome CAEA Aviation as the first Chinese Avanti II operator,” said Alberto Galassi Piaggio Aero's CEO.
“The P.180 Avanti II has achieved worldwide success with outstanding performance comfort and economics. We are fully confident that our aircraft represents an ideal tool for China’s private aviation market expansion. Chinese business aviation customers and operators now have a new affordable choice as the Avanti II is a great time saver in the air that opens up options to choose airports that may be closer to the Customer’s destination thereby reducing overall travel time."
Piaggio Aero is jointly owned by Mubadala, India's TATA group and Italy's Ferrari family
Its impressive performances and unrivalled comfort are tailored to meet the needs of the business elite and jetsetters who will love the P.180 unique Italian style and elegance. "It’s not by chance that Piaggio Aero aircraft has been chosen also by the Scuderia Ferrari, the Ferrari racing team, and it’s the only aircraft in world displaying their legendary Prancing horse symbol” Galassi added
The Avanti is the world’s fastest turboprop aircraft with a maximum speed of 402kts /745kph and a range of just under 1500 nautical miles ,its full stand up cabin, the biggest in its class of mid-size jets and twin turboprops by far, provides an airy, comfortable flight for its passengers aided by its low cabin noise and sea level pressurization.
Article Source : Arabian Aerospace
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