Today, at the "Sun 'n Fun" airshow in Lakeland, top executives from Magnaghi Group announced the acquisition for their company of the Sky Arrow related assets, including all existing product certifications.

The Sky Arrow, an Italian all-composite, high wing tandem aircraft in pusher configuration, was first introduced into the market back in 1993 from Meteor S.p.A., in response to the needs for a low cost, high visibility aerial work platform. Destined for patrol, law enforcement, environmental research and electronic news gathering, the Sky Arrow can feature belly and nose installed sensors, sustaining most of the rotary wing tasks at a fraction of the cost.

With versions ranging from LSA to FAR 23, several hundred Sky Arrows are currently operated worldwide

"Chief Operating Officer Giorgio Iannotti, said: "Magnaghi Group believes in this product and is strongly willing to relaunch the Sky Arrow series". Iannotti also confirmed that an UAV version is under study for the Sky Arrow and that the new owning company will re-start all activities related to the F-300 project, an high performance low wing four seater designed by Stelio Frati, which will be built entirely in composites.

The new Sky Arrow, which will be presented at AirVenture in Oshkosh in July, will retain all basic design qualities and incorporate new features, such as larger wing tanks, aerodynamic refinements and state-of-the art avionics, which will make the sleek and sturdy aircraft fly faster, farther with better comfort and situational awareness.