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Piaggio Aerospace awarded aircraft maintenance Contract

The Italian manufacturer will provide ENAV – the Italian air navigation service provider – with the maintenance of the four P.180s used for flight inspection activities at national airports.

Piaggio Aerospace has been awarded a contract for the maintenance of the P.180s owned by ENAV, the company that manages civil air traffic in Italy. The agreement, with an estimated duration of approximately 7 years, is worth 12.6 million euro and will guarantee integrated logistic support for ENAV’s fleet of four P.180 Avanti II.  

“The agreement signed represents a further step forward in the turn-around process of Piaggio Aerospace”, commented Vincenzo Nicastro, Extraordinary Commissioner of Piaggio Aerospace. “While strengthening the backlog of the Genoa factory-owned service centre, it also confirms the unique expertise of the company in the airframe MRO domain, consolidated throughout decades of activities”. 

The ENAV P.180s perform an average of 1,800 flight hours per year. Thanks to their special equipment, they carry out regular measurements and calibration of airport navaids (Radar, VOR, DME, VDF, ILS etc.) in order to guarantee their continuous operational accuracy, essential for the safety of air navigation.

 A similarly equipped P.180 will be showcased at MAKS ’19, the international air show that will be held at Zhukovsky International Airport (Moscow) from August 27 to September 1. A delegation of Piaggio Aerospace will also be present at the air show.

Piaggio Invites Submissions for Expression of Interest (EOI)

Commissioner Vincenzo Nicastro: “We want to begin exploring the demand in the market to better understand those who are currently potentially interested”.

The Extraordinary Commissioner of Piaggio Aerospace, Vincenzo Nicastro, wants to implement an initial analysis in order to evaluate the market’s interest in buying the company or one of its business units (Aircraft and Engines) or to conduct a reorganization, in accordance with the “Marzano Law”.

Piaggio Aerospace (in Extraordinary Receivership since last December) published today a paid notice in a selected number of financial newspapers after authorization from the Ministry of Economic Development. A copy of the announcement can be found at www.piaggioaeroas.it, where a short presentation of the company is also available.

“The goal of this action,” declares Nicastro, “is to better understand who the interested candidates are as a way to evaluate their characteristics in order to maintain business continuity for Piaggio Aerospace, thus moving forward with subsequent initiatives according to the law”.

In particular, the Aircraft business unit focuses on the design, construction and maintenance of civil and military aircraft, along with customer service activities. The Engine business unit revolves around the design, construction and maintenance of aero-engines.

During a meeting held in Rome on April 24, 2019, the Italian Ministry of Economic Development and the Ministry of Defence agreed on a plan to support Piaggio Aerospace business activities.

The Italian Government indicates the goal on Piaggio Aerospace to conduct all engine maintenance out of one single hub, confirming Piaggio Aerospace as a reliable partner in this specific field. The plan also foresees new contracts for the engine maintenance with a ten-year plan; a contract for the retrofitting of nineteen P.180-Avanti operated by various Italian Institutions and the purchase of ten new P.180-Avanti.

Finally, the plan also includes the completion of the P.1HH HammerHead (the Unmanned Aerial System) certification process, along with the subsequent acquisition of two systems and the development of further technology to support Piaggio Aerospace to compete in the international market arena. Each system is made out of a Ground Control Station and two aircraft. More systems would be acquired in the medium- term.

All EOI, which are non-binding, should be sent (in English or Italian) to the Extraordinary Commissioner by 6 pm CEST on Wednesday, May, 15, 2019 via email at piaggioaeroamministrazionestraordinaria2@pec.piaggioaero.it.

PIAGGIO AERO P.180 AVANTI II
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