The Fiat C.29 was an Italian racing seaplane of which three were built especially for the 1929 Schneider Trophy air race. The first two, 129 and 130, were lost in accidents and this replacement, 130-bis, was sent directly to England without being test-flown. It did appear at RAF Calshot but was not flown during the competition, the Italian team gaining second, fourth and sixth places using Macchi M.52 and M.67 racers.

Fiat's try at the 1929 Schneider Trophy proved too ambitious, as its attempted 1:1 power to weight ratio racer turned out unstable and both prototypes crashed. In order to still take part in the race, this copy of the second proto (MM130) was built, using parts of a static airframe. It was sent to the competition but eventually did not participate in the race.