Subscribe Free
in Business Aviation

EBACE: Mubadala's Piaggio sets out its stall for growth

Posted 28 May 2018 · Add Comment

Piaggio Aerospace, - the Italian aircraft manufacturer which is a subsidiary of Abu Dhabiís Mubadala - outlined its growth strategy during the EBACE event in Geneva today.


The company was exhibiting its upgraded turboprop corporate aircraft – the Avanti EVO – at the show.
“We secured four new orders of the Avanti EVO in the first few months of 2018, and the sales momentum is continuing”, said Renato Vaghi, Piaggio’s CEO (pictured right). “Reinforced by a new financial stability, we intend to focus on aircraft, leveraging our revamped production and a new commercialisation strategy for the P.180 Avanti EVO.”
The company which is celebrating its centenary this year has been through a major restructuring and has targeted reaching break-even in 2019 and moving into profit by 2021.
The new strategic route is already leading to an increase in the production rate and new orders with 20 aircraft in the pipeline, of which 12 are Avanti EVOs. In the first quarter of 2018, Piaggio Aerospace secured additional orders for four units of the third generation of the legendary P.180, and expects to deliver in total eight aircraft by the end of 2018. The ambition of the company is to better position the Avanti EVO globally, to relaunch its special mission version, and to further invest in customer service, to support the fleet worldwide.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Air Arabia Abu Dhabi agreement sparks talk of Emirates merger with Etihad Airways

Following the news that Etihad Aviation Group and Air Arabia have signed of an agreement to launch Abu Dhabiís first low-cost airline, this has Ďrekindledí talk of an Emirates merger with Etihad Airways, according to GlobalData.

Etihad Airways celebrates the deployment of 787-9 Dreamliner to Milan

Etihad Airways has celebrated the deployment of the Boeing 787-9 Dreamliner on its daily scheduled services to Milan by hosting an exclusive reception at the Palazzo Clerici, the Baroque former residence of the influential Clerici

Turkish Technic and Satair sign agreement to support Airbus fleet management

Turkish Technic and Satair have signed a strategic General Terms Agreement (GTA) to facilitate further business growth between the two entities.

Spatial to manufacture a Water Evacuation Trainer for Singapore Airlines

Spatial, a provider of cabin crew training simulators based in the UAE, is to manufacture a Water Evacuation Trainer for Singapore Airlines.

MNG Airlines signs new base manintenance agreement With Joramco

Joramco, the Amman based MRO and the engineering arm of Dubai Aerospace Enterprise (DAE), has signed a new base maintenance agreement with MNG Airlines; a Turkish cargo airline headquartered in Istanbul, to perform three C checks on two

Emirates announces commercial management rotations

Emirates has made several key management movements across its commercial operations team in the Middle East, Far East, Europe and Emirates Skywards.

AVMENA20 SK1309100620
See us at
Global Aircraft Maintenance BT0910061119AVMENA20 BT1309100620BIDEC BT0108301019DIAC19_BT0509161119AVAFA20BT2607050320Dubai AS BT2006211119