Mubadala has become the 100% owner of Piaggio Aerospace, the maker of the Avanti turboprop and more recently the unmanned P1 HammerHead (P1HH) reconnaissance platform.
Piero Ferrari – head of the famous automotive manufacturer which bears his family name – sold his remaining 1.95% shareholding to the Abu Dhabi investment business. Ferrari had rescued the ailing Italian in 1998 and had then sold shares to India’s Tata and the UAE’s Mubadala. Piaggio revamped the Avanti twin pusher into the Avanti Evo two years ago and was widely expected to launch a business jet variant. It is understood that the jet project has been put on ice while the company continues to develop the military UAV, HammerHead. The P1HH has already been bought by the Italian military and is being pitched to the UAE.
Boeing and Somon Air announced the delivery of the airline's first 737 MAX, as the Tajik national carrier continues to modernize its fleet and grow its network. The 737-8 is the first o...
Air India, SkyDrive and Suzuki Motor Corporation signed a memorandum of understanding to conduct a joint feasibility study on the use of eVTOL aircraft for medical air logistics in India. In...
Avelo Airlines reached a major milestone, flying its 10 millionth Customer just five years after redefining affordable air travel in as America's most convenient airline. Since launching on April...
An Airbus A319 of Lufthansa City Airlines is the world’s first test aircraft for a new generation of fuel-efficient AeroSHARK technology. Lufthansa Technik will test approximately 70 transp...
