Formed 1980 by powerful industrialists and investors, with substantial Government backing for jet trainer; 1985 agreement with General Avia to co-operate in developing F.1300 Squalo, but in event Italian firm was withdrawn and Stelio Frati designed aircraft as all-Belgian Promavia Squalus F1300 (30 April 1987), global marketing in progress. Also proposing tandem-seat version and single-seat attack version with double power. Production planned 1993 at PIC (Promavia International Corp.) at Saskatoon, Canada.

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