This I0-540, 350hp, powered aircraft joined the US register as N78L in May of 1998 and was cancelled at the end of July for it to become ZK-ZAI on 25-09-1998 for the Hawker Trust of Auckland.
Above pic taken at Wanaka on 29-03-2002.
This is at least the fourth allocation of theVH-AAI registration. The first was a DH82A which went to the RAAF in 1940. The second use was on the DHC-2 Beaver that came to NZ to become ZK-CMV, mainly for Air Contracts from 1965 until it was exported to Canada in 1970. Third issue was to a Cessna 421B.