Textron Buying Pipistrel To Boost Electric Aviation Plans | Aviation International News

Textron Buying Pipistrel To Boost Electric Aviation Plans

Textron will make further investments in European electric aircraft maker Pipistrel, which will be the foundation for its new eAviation division.

In June 2020, Slovenia-based Pipistrel became the first company in the world to achieve a full type certificate for an all-electric aircraft when EASA approved its Velis Electro two-seat trainer. (Image: Pipistrel)

By Charles Alcock • Managing Editor

March 17, 2022

Textron is set to acquire European electric aircraft manufacturer Pipistrel in a foundational move for the new eAviation division it established last year to focus on the development of sustainable aircraft. Through a deal set to close by the end of June, the U.S. aerospace and defense group will pay around €218 million ($235 million) for an initial 90 percent stake in Slovenia-based Pipistrel. Founder and CEO Ivo Boscarol will remain a minority shareholder and emeritus professor for two years, at which point the remaining equity share will revert to Textron.

Announcing the transaction on Thursday, Textron indicated it will make further investments to support Pipistrel’s plans to bring various new electric and hybrid-electric aircraft to market, while also giving it access to the group’s technical and regulatory expertise, as well as its global sales and support network.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

AircraftPost To Host ‘Behind the Deal’ Session during NBAA-BACE

Panel will dissect a Gulfstream G650 transaction from four different perspectives

Lockheed Martin Rolls Out First German F-35A Fighter

First fighter due to arrive in-country in late 2027

F-35 in hangar against graphics on screen

Embraer Delivers First Praetor 600E Ahead of Schedule

Launch customer Flexjet accepts first of the upgraded super-midsize jets

Embraer Praetor 600E in flight

Aura Aero Flies Former VoltAero Aircraft As Testbed

Aura Aero makes first flight of hybrid-electric testbed since acquiring assets

Modified Cessna 337 Skymaster over coast r

ACJ: Strong Large-aircraft Market Growth Ahead in Asia

Research finds most financiers and brokers in Asia see market demand increasing

Airbus Corporate Jets ACJTwoTwenty

Britten-Norman Targets Eight New-build Islanders Annually

UK production expansion follows inaugural flight of latest Bembridge-built unit

Britten-Norman Islander

Bizjet Market Value To Reach $60B per Year in Next Decade

Market estimated to grow from $27 billion in 2025 to more than $60.5 billion

Phenom 100

Atlas Will Build Electra’s EL9 Hybrid-electric Prototypes

Wichita-based aerospace manufacturing group has partnered with the U.S. start-up

Electra EL9 aircraft