Piaggio Confirms Jet Ambitions
Piaggio Aero Industries is preparing to launch a new jet program before the end of this year and is debating which of two designs to develop.

Piaggio Aero Industries is preparing to launch a new jet program before the end of this year and is debating which of two designs to develop. On April 19, the Italian firm laid the financial foundations for the anticipated product launch when it announced that Mubadala Development, an investment company owned by the government of Abu Dhabi, is purchasing a 35-percent stake in its business. Piaggio previously said it would not proceed with the new aircraft development until it secured a new strategic partner.

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