Partenavia Costruzioni Aeronautiche formed 1949 at Naples to build light aircraft to designs by Luigi Pascale: P.48B Astore, P.52 Tigrotto, P.53 Aeroscooter (option of adding 'safety rotor'), P.55 Tornado, P.57 Fachiro (4-seater, 7 November 1958, first built in numbers), P.59 Jolly, P.64 Oscar (metal P.57, 2 April 1965, several versions including P.66 Charlie), P.68 Victor (6/7-seat light twin, 25 May 1970, over 400 of many versions) and P.70 Alpha (24 April 1972). In July 1981 control of Partenavia passed to Alenia. During 1993, Alenia sold the company to Aercosmos. Two years later, Indian firm Taneja Aerospace and Aviation assembled the first of its P.68 which it was building under licence in India. However, the company did not perform well overall under its new owner. In March 1998, Partenavia was declared bankrupt. During the company's liquidation, aircraft manufacturer VulcanAir acquired all of Partenavia's former assets, including design rights and trademarks. In addition to supporting the type, VulcanAir subsequently put the P.68 back into production under its own brand.