Singapore February 20, 2012
Piaggio Aero introduces the P.180 Avanti II aircraft in China: CAEA Aviation to become the official Piaggio Aero P.180 Avanti II Chinese exclusive sales agent

Piaggio Aero and CAEA (Beijing) Aviation Investment Co., Ltd. officially announced at the Singapore Air Show their agreement for the sale of the first two P.180 Avanti II aircraft in China. 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.
As a result of this, the Company will develop the Chinese aviation market for Piaggio Aero thanks to its focused management experience, mature sales channels and strong market promotion.
 
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.
 
The success in signing the agreement between CAEA Aviation and Piaggio Aero will push the development of the Chinese aviation industry to a new altitude and will allow it to exploit its vast potential for future development. CAEA Aviation Experts predicted that many P.180 Avanti II per year could be sold, with the increase of awareness and demand from the market.
 
“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 Chief Executive Officer of Piaggio Aero. “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. 

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” he added. “Piaggio Aero Company commits itself to provide the most excellent products for the global multipurpose aircraft market looking for the best partners worldwide to distribute and sell the aircraft. I am really happy with this agreement with CAEA Aviation which will be a business booster for Piaggio Aero in China; we are proud to be now part of this growing economy” he concluded.
 
Chairman Wang Long, President of CAEA Aviation declared “ Piaggio Aero aircraft are the most luxurious and best performing airplanes in their class. due to their performance, cabin comfort level and cost performance when compared with competitive aircraft at the same market level.
As a professional international enterprise, CAEA Aviation and Piaggio Aero will yield numerous aviation achievements in the near future. Additionally we hope that both parties can work hand in hand, to make contributions for the economic development of China. CAEA Aviation, with its expertise, assists elite travelers through its full range of consultancy services on technical and financial aspects in purchasing this desired aircraft, as well as managing the operation and maintenance of the aircraft for its owners.” 

The Piaggio Aero P180 Avanti II is the world’s fastest turboprop aircraft with an outstanding performance and specification for the Chinese market. 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.
Besides its own impressive capabilities, the Piaggio P180 Avanti II is also the only aircraft to proudly display the legendary "prancing horse" livery of the Scuderia Ferrari, the Ferrari Racing Team, as it is their chosen business aircraft due to its performance, state of the art technology and unrivalled style. 

Piaggio Aero enters China with the very significant backing and support of its shareholders, who include two, worldwide, business powerhouses, TATA from India, through Tata Limited UK, and Mubadala Development, the development and investment company driving the economic diversification of Abu Dhabi