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 News Announcement                                                                                              

Cloud Investment Partners to Manage the Sale of Piaggio Avanti P180 Executive Aircrafts and Related Parts 

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.

Piaggio P180 Avanti Aircrafts in November, December 2014

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).”

Contacts:

Craig Thompson, cthompson@hgpauction.com, 858-210-8785

David Weiss, david.weiss@cloudlllp.com, 561-266-0845 x119

Jennifer Neuman, HGP@jcir.com, 212-835-8500


 

Cloud has maintained a focus on aviation assets as the foundation of its investment strategy.

We ara global company that acquires leases and sells commercial aircraft to customers throughout the world. From time to time, we also make investments in other aviation assets.

Our business is managed by a team of aviation professionals with extensive industry experience, Through offices in the US and UK, we provide our customers with an exceptional level of service with global coverage and local market knowledge.

Cloud employs a balanced approach to investment and capitalization, factoring in industry cyclicality and other global and regional market dynamics.  We focus on medium to long-term investments. Our diversified fleet includes Boeing and Airbus aircraft in both passenger and freighter applications. Our professionals have extensive experience with aircraft finance, leasing and investment management.

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