Piaggio Aero Industries announced a contract that calls for three P.180 Avanti II aircraft to be delivered to Sino Europe Aircraft Limited, the first Chinese customer for Piaggio Aero. The deal is worth more than $21 million.
Sino Europe Aircraft Limited is a company dedicated to representing and promoting aircraft from Europe. Through its association with Beijing PanAm International Aviation Academy, it will promote, operate and service Piaggio Aero P.180’s in the region.
The P180 Avanti II was selected over competitors thanks to its the state of the art avionics, enhanced performance and the lowest operating costs of any stand-up cabin aircraft.
“We have had extraordinary success in both the European and North American business aviation markets. Sino Europe represents the growing demand for our aircraft in new markets like the Far East” said Mr. Josе Di Mase Piaggio Aero CEO “We are extremely pleased that Sino Europe has selected the P.180 Avanti II. The Far East business aviation market is expanding rapidly and Piaggio Aero is excited to be participating in that growth.”
The first P.180 Avanti II will be delivered in 2nd quarter of 2008 to China to join Government search and rescue operations.
The other two P.180 Avanti II will be delivered in 2009 to Beijing PanAm Aviation Academy, the first academy in China to adopt an advanced Euro-American style training syllabus.