Piaggio Aerospace announced today that Abu Dhabi-based Mubadala Development Co. purchased the minority 1.95-percent share held by Piero Ferrari and it is now the Italian aircraft manufacturer’s 100-percent shareholder. Mubadala started with a 35-percent share in Piaggio Aero in April 2006, but in May last year this ballooned to 98 percent when India’s Tata Industries relinquished its partnership stake in the aircraft company following a restructuring.
“This [latest] decision represents a tangible sign of Mubadala’s steadfast commitment to our company and trust in our new technologies, programs and products, which are seen by our shareholder as strategic and promising,” said Piaggio Aerospace CEO Carlo Logli. In April, Piaggio started deliveries of its new Avanti Evo, the third generation of the P.180 twin pusher-turboprop with winglets, redesigned nacelles, a reshaped front wing, new Hartzell five-blade scimitar propellers and several other upgrades.
Embraer and Japan Airlines have strengthened their long-standing collaboration through a new multi-year agreement under Embraer’s Pool Program, ensuring continued maintenance, repair, and spare-...
easyJet has introduced reusable crew meal trays, developed in partnership with Ecoffee Cup, across its UK and European fleet—cutting onboard waste and strengthening the airline’s wider sus...
Neste and United Airlines have extended their agreement for the supply of sustainable aviation fuel, blended with conventional jet fuel, for flights departing from Chicago O’Hare International A...
Just two months after acquiring VoltAero’s assets, AURA AERO has returned the Cassio S hybrid‑electric demonstrator to the skies at Rochefort Airport—now flying under its new name, X‑VOLT....
