An uncertain future

ITALY

Piaggio’s prototype P.1HH Hammerhead.
Piaggio Aerospace

IN RECENT years, the economic wellbeing of Piaggio Aerospace, the historical company established in 1887 at Genoa, and now operating from the airport at Albenga, in the Riviera Ligure, has not been the best. The company, having recorded low sales for its P.180 executive turboprop, decided in 2016 to re-direct its efforts to the military sector, in a timely manner. United Arab Emirates investment company Mubadala had already started to purchase shares in the Italian company. In September 2015, Mubadala had 100% ownership and control of Piaggio.

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