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.
FAI rent-a-jet has further strengthened its fleet with the addition of a Bombardier Global 6000 (D-AFAN, MSN 9471). The acquisition was completed just five weeks after the LOI was signed, underli...
WestJet completed the transformation of its remaining all-economy aircraft, fulfilling its commitment to update the interior of all aircraft that were formerly operated by Swoop or Sunwing airlines. T...
SkyDrive signed a Letter of Intent with Gold Coast Helitours, a premier helicopter operator based in the Gold Coast, Australia. This milestone agreement represents SkyDrive's first LOI w...
Textron Aviation delivered the 500th delivery of a Cessna Citation CJ4 series business jet, underscoring more than a decade of customer confidence in the company’s largest light jet an...
