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.
BPE Air, the aviation company founded and wholly owned by entrepreneur Aldrew Crowe, reported approximately US$90 million in revenue in 2025, marking a major milestone in the growth of its integrated...
AMAC Aerospace Group continues to experience strong business momentum, marked by new certifications, contract wins and rising demand across its maintenance, completion and aircraft modification activi...
Turkish Airlines has taken another major step in its fleet expansion strategy with the signing of a Memorandum of Understanding with CFM International for more than 300 LEAP-1B engines and a long-term...
Airbus 2026 Cargo Global Market Forecast, unveiled at the Cargo Facts Symposium, predicts that the global fleet of dedicated freighter aircraft will expand by 46%, rising from 2,360 aircraft in 2026 t...
