03/11/2016 PIAGGIO SIGNS CONTRACT FOR THE SALE OF 5 AVANTI EVO IN THE US

PIAGGIO SIGNS CONTRACT FOR THE SALE OF 5 AVANTI EVO IN THE US

Piaggio America, a Piaggio Aerospace subsidiary, announces at the NBAA- Business Aviation Convention & Exhibition, a new contract for the sale of 5 Avanti EVO to the US based West Coast Aviation Services, which will use them for charter and fractional ownership activities. This is the first Avanti EVO sale in the US market. The first aircraft will be delivered immediately, being the one showcased at the NBAA event in Orlando. Deliveries of the remaining firm orders and the additional options will start in Q4 2017.

West Coast Aviation Services – celebrating its 30th anniversary, is a US based (Part 135 / Part 145) full service aviation sales and charter management company, headquartered at John Wayne in Orange County, CA – has also signed options on 4 additional aircraft.

Michael D. Hissam, Piaggio America’s President and CEO, commented: “We are proud that West Coast Aviation Services has selected the Avanti EVO as an addition to the existing fleet of aircraft. We look forward to partnering with WCAS to help the US Avanti EVO fleet growth”.

Gary Standel, West Coast Aviation Services President, commented: “I’m excited to forge this relationship with Piaggio Aerospace and look forward to include this latest addition of the Avanti EVO with its spacious interior, increased airspeed and excellent overall performance to our charter fleet.”

Renato Vaghi, Piaggio Aerospace CEO, said: “Today’s agreement is a major milestone for the P180 Avanti EVO and great news for Piaggio Aerospace. It is also an important reward for all the hard work and dedication of our employees. The United States is still the largest and most competitive market for business aviation worldwide. The announcement of this sale shows that the Avanti EVO is a great product, with unique features that can satisfy the needs of the most sophisticated customers”.