HGP & Cloud LLLP Manage the Sale of Piaggio Avanti P180 Executive Aircrafts and Related Parts

August 13, 2014 11:07 AM Eastern Daylight Time

SAN DIEGO – (BUSINESS WIRE) – Heritage Global Partners (“HGP”), a global leader in asset advisory and auction services, today announced that it is collaborating with Cloud Investment Partners, an organization with international expertise in the aerospace industry, to manage two global online sales featuring late model Piaggio P180 Avanti Aircrafts. The upcoming sales will be offered in bulk and piecemeal lots and will include the aircrafts, engines, airframes, and propellers.

Sale Preview: To attending preview at either site, please schedule an appointment with Craig Thompson of Heritage Global at 858-210-8785.

The Piaggio P180 Avanti is an Italian executive transport aircraft with twin turboprop engines mounted in pusher configuration. It seats up to nine passengers and may be flown by one or two pilots. The aircraft defines a new category of luxury, performance and efficiency. Cruising at jet speeds over 450 mph, it travels faster and quieter than most light cabin aircraft, yet has a fraction of the fuel consumption and lower overall costs.

“We are very excited about bringing these aircrafts to market. These sales represent a unique opportunity to acquire high-grade engines, airframes, and parts at attractive prices, while also offering the option to purchase the entire aircraft,” stated Craig Thompson, Vice President of Sales, Heritage Global Partners.

David Weiss, Partner of Cloud Investment Partners, stated, “We are pleased to once again partner with Heritage Global for the upcoming global online sales featuring high quality Piaggio Avanti aircraft assets. In the last 24 months, HGP and Cloud Investment Partners have conducted several successful sales within the aerospace industry including AVEOS and LTQ (Lufthansa Qantas JV) and LTAI (Lufthansa Technik Airmotive Ireland).”

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