Piaggio riding out turbulent skies
Piaggio Aero Industries’ new management team is still refusing to go public on long-rumored plans that it will launch a new jet program.

Piaggio Aero Industries’ new management team is still refusing to go public on long-rumored plans that it will launch a new jet program. At the same time, the Italian manufacturer has reported that production rates for the existing P.180 Avanti II twin pusherprop are holding up well in soft market conditions.

On February 3, Piaggio Aero shareholders appointed a new board of directors and chief executive officer Alberto Galassi. The company is currently owned by three major shareholders–the Ferrari and Di Mase families, Abu Dhabi Mubadala Development and Tata Ltd., a British subsidiary of the Indian Tata Group.