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.
Horizon Aircraft has selected BETA Technologies to supply its advanced flight control computers on the Company’s full-scale hybrid-electric VTOL aircraft, the Cavorite X7. Through this...
Rotortrade is strengthening its support capabilities in East Africa through a cooperation with Helicopters International Ltd (“Helint”), an established helicopter maintenance and support p...
SkyDrive announced the conclusion of a MoU with Japan Biz Aviation Co. SkyDrive currently holds a cumulative total of 427 aircraft orders from partners in Japan and overseas (the order...
AMAC Aerospace launches AMAC Academy, a new aircraft maintenance training program designed to develop highly skilled aircraft maintenance professionals through an industry-focused, hands-on learn...
