Piaggo Aero and Algar Aviation Introduce the P.180 Avanti II to Brazil

For Immediate Release

ALGAR AVIATION BECOMES THE EXCLUSIVE BRAZILIAN DISTRIBUTOR AND SERVICE CENTER

São Paulo, August 11th 2011 – Piaggio Aero and Algar Group jointly announced today that Algar Aviation has become the exclusive distributor of Piaggio Aero for the sales and service of the Piaggio P 180 Avanti II aircraft in Brazil.

Algar Aviation, part of the Algar Group, already represents TBM in the country, and commences their partnership with the Italian brand Piaggio Aero by presenting the P.180 Avanti II aircraft at LABACE 2011, which is being held between August 11th and 13th in São Paulo, Brazil.

With a unique, contemporary and bold design, the Piaggio Aero P 180 Avanti II is the fastest and the most advanced twin-engine turboprop in the world. The aircraft, which can carry up to nine passengers, is capable of flying at a maximum speed of 402 kts, 745 km / h. It has a range of more than 2,700 kilometers and can fly up to a flight ceiling of 41,000 feet. The full stand up cabin is the most spacious, most comfortable and the quietest in its class.

The Piaggio P180 Avanti II has twin-turboprop Pratt & Whitney Canada engines that are well known and supported in Brazil. They provide superior performance and fuel economy that deliver low operating costs and give up to a 40% reduction in fuel consumption when compared to similar aircraft. This in turn also means 40% less carbon emissions, making the aircraft environmentally

As well as its contemporary design, the aircraft is able to offer many sophisticated and personalized on-board options such as access to broadband internet, map systems, electro chromic window blinds, lighting differentiators, as well as a broad portfolio of customized options at customers’ requests.
The cost of the Piaggio P 180 Avanti II is just more US $ 7.1 million.

The Piaggio Aero P.180 Avanti II aircraft has received both type and production certificates, from Brazil’s National Civil Aviation Authority - Agência Nacional de Aviação Civil (ANAC). Algar and Piaggio Aero have announced that the first P 180 Avanti II aircraft customer delivery to Brazil will occur during September 2011.
Algar Aviation, which provides aircraft maintenance, charter and sales, increased their business by 137% in 2010 when compared to 2009. “2010 reflected the improvement in the aviation industry after a period of financial crisis. The expectation for 2011 is that the performance will be even better in Brazil”, said Rogério Montalvão, CEO of Algar Services.

Commenting on the appointment of Algar as the official Piaggio Aero distributor for Brazil, Piaggio Americas President & CEO John M Bingham said,” We are very proud to be associated with such a renowned Brazilian group as Algar. They have a wonderful reputation and are passionate about their business and the quality of service they provide to their customers. Without doubt they will develop and grow the Piaggio Aero business in Brazil very quickly and, create great awareness of what an ideal aircraft the P180 Avanti II is for this key South American market.”

Besides the sale of Piaggio Aero aircraft, Algar Aviation will also be responsible for the maintenance of all Piaggio P 180 Avanti II in Brazil, from their facilities in Uberlandia and Belo Horizonte. Today, they maintain more than 200 aircraft of various makes at these two fully equipped maintenance centers.