October 6, 2008
By Thomas A. Horne
Piaggio Aero now has a third co-owner. Tata Limited acquired a one-third stake in Piaggio to join Ferrari and Di Masi as owners of the Italian company.
Tata Limited is a U.K. subsidiary of Inidan manufacturer Tata Sons—a company with 2007-2008 sales of $62.5 billion. According to Piaggio, Tata’s investment (a purchase of existing and new shares) is “founded on a belief...that the business aviation market will continue to expand significantly.”
Piaggio says that it expects to deliver 30 of its Avanti II twin turboprops in 2008, 38 in 2009, and 40 to 50 per year in 2010 and beyond. There are now 161 total aircraft in the worldwide Piaggio fleet; 100 are based in the United States.
In other news, Piaggio announced that Elliott Aviation of Moline, Ill., would be one of the airplane’s newest authorized service centers. Elliott has four locations in the Midwest. Currently, Piaggio has 15 service centers around the world.
Piaggio also said that it is selling its original factory north of Genoa, Italy, and building a brand-new factory in Villanova D’Albenga. The new factory should be completed in 2010.
AOPA Pilot Editor at Large Tom Horne has worked at AOPA since the early 1980s. He began flying in 1975 and has an airline transport pilot and flight instructor certificates. He’s flown everything from ultralights to Gulfstreams and ferried numerous piston airplanes across the Atlantic.
As the cold weather chills AOPA’s Headquarters in Frederick, many of us are inside generating new resources for flying clubs.
In my house, every Friday night is “Movie Night.” While the movies are rarely educational (I don’t think I learned anything from the Lego Movie), we look forward to the weekly opportunity to spend time together. Why not use the same concept for your Flying Club (with the addition of education, of course)?
AOPA Flying Club Manager Kelby Ferwerda posted the following on the AOPA Flying Club Facebook Page: “Recently I’ve talked with quite a few Flying Clubs about maintaining social activity through the cold winter months. Some clubs host Holliday Parties, others have Potluck Movie Nights. What does your club do to keep members involved during the chilly months?”
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