Post-Baykar Acquisition, Piaggio Avanti NX Wins First Launch Orders, but Global Active Fleet Continues Shrinking

Piaggio Aerospace, under Baykar Technologies (acquisition completed 2025), rolled out Avanti NX modernized variant and received first batch launch orders at April Aero Friedrichshafen (buyers undisclosed); expected to enter service in several years; upgrade will offer both new aircraft and retrofit kit. AviGo data shows global P180 active fleet substantially shrank in April 2026, considerably below prior peak. But specific active count (reportedly ~40 aircraft) needs scrutiny under statistical methodology — P180 global delivery ~220+ aircraft. Considering the type has long faced parts supply and maintenance support issues (Piaggio multiple bankruptcies), substantial groundings are not impossible — but actual active proportion may be impacted by data coverage. US is largest P180 operating market; France second; Italy home country has lower operating volume, possibly reflecting local operators heavily impacted by parts shortage. Whether NX program can reverse fleet aging/retirement trend is the key suspense. Confidence ★★★.