Finmeccanica’s Alenia Aermacchi division is launching a competition to find a nickname for its M346. The division’s CEO, Carmelo Cosentino, said the first low-rate initial production (LRIP) example flew on July 7, and that the aircraft is 700 kg lighter than the prototypes, giving it “much better maneuverability.” Aermacchi hopes to attract 35 to 40 percent of a market for around 2,000 advanced jet trainers over the next 25 years. Production capacity will run between 18 and 24 aircraft per year.