TECNAM PURCHASED CAG

On Tuesday June 10th Costruzioni Aeronautiche Tecnam, Srl purchased Composite Aeronautic Group. CAG is known for their production of the Toxo.

Although Tecnam is already in the process of expanding its capacity, due to its significant growth and worldwide success it still requires more space for expansion along with enhanced access to additional technologies. CAG provided both. Tecnam expects to utilize production at the CAG facility to double their current production of 2 seat aircraft of more than 300 light single engine aircraft per year to 600 light aircraft per year by the end of 2009. This will also release production space to meet the sizeable order book for the P2006T, a 4 place twin, which is currently in final certification with EASA and the FAA.

This acquisition comes as the design for a new aircraft is being completed by the Tecnam engineering group. The new plane will build on the existing Tecnam strengths of exceptional flight characteristics, high useful load, design flair and provide additional cabin space. This new aircraft will debut at Friedrichshafen in Europe and at Sun n Fun in the US in 2009.