This Vercelli company took over in 1947 from the 1939 Avia (Azionaria Vercellesi Industrie Aeronautiche), continuing production of the light FL-3 and building an experimental attack glider. Also subcontract work on Fiat G-50. Post-war resumed production of FL-3 and small number of the LM-5 Aviastar, and 1949 LM-7. This latter was a prototype only; company then ceased aeronautical work and production taken over in 1953 by Meteor SpA.

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