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Piaggio Aero Industries S.p.A.

Piaggio Aero Industries S.p.A. is the only company in the world that is active in the design, manufacturing and maintenance of both aircraft and aircraft engines. Leading technologies, expertise and commitment, combined with a constant attention to enviroment, style, innovation and comfort are the embodiment of Piaggio Aero Industries' success.

Just like the Ferrari, Piaggio Aero represents technology and unrivalled Italian style. One of the most recognized logos in the world is Ferrari' "Prancing Horse,' proudly displayed on the Piaggio Aero P180 Avanti II flown by the Scuderia. It is the only aircraft deemed worthy of carrying the Ferrari brand. The Piaggio Aero P180 Avanti II combines innovative style and unrivalled performance. with innovative style and the comfort of a large, quiet, unrivalled cabin.

 Piaggio Aero Industries' Chairman, Piero Ferrari - son of Enzo Ferrari, the founder of the Ferrari automotive company - is also vice Chairman of Ferrari S.p.A. Mr Ferrari business activities place him amongst the world's most authoritative ambassador of Italian high technology. Piaggio Aero's efforts are focused on improving the most environmentally friendly and fuel efficient turboprop while offering the same or better performance than that of its more expensive and heavier polluting jet competitors. These are the same efforts that the Formula 1 industry is taking with their research into new engines, electronics and regenerative braking systems. All these innovations that filter back to volume production cars, and the aviation industry, particularly the business aviation segment, represent a great benefit to the environment.

The story of Piaggio Aero Industries began in 1884, when Rinaldo Piaggio became active in the railway industry after trying his hand in the naval furnishings sector. He began building aeronautical engines in 1915, and engines for airplanes in 1925.

The innovative solutions developed by engineers Giovanni Pegna and Giuseppe Gabrielli would be fundamental to the development of the company's aeronautics sector. The result was its first helicopter, which was built to standards that were highly advanced for that time…as was it performance. It was the first aircraft with rotating wings, and it opened the skies to the development of modern helicopters.

After the war, Rinaldo Piaggio's sons Enrico (who went on to invest in the "Vespa" scooter) and Armando began rebuilding the equipment that had been destroyed. Thus began Piaggio's celebrated pursuit of innovation and development, which involved the creation of aircraft with advanced technology and aerodynamics. In 1966, the company divided its production into two sectors: personal mobility with the Vespa, and aeronautics with the production of airplanes, engines and structural components.

Studies for the P180 project began in 1979 and lasted over 10 years.  And in 1990, the remarkable Piaggio P180 was finally introduced. In November 1998, Rinaldo Piaggio S.p.A. was acquired by a consortium of businessmen headed by the Di Mase and Ferrari families. The company, which was renamed Piaggio Aero Industries, became a leader in the production of executive airplanes in only a few years.

Its growing success attracted international interest and resulted in the acquisition of stakes in Piaggio Aero by two of the world's most important strategic and industrial investment groups - namely  Mubadala Aerospace, a Business Unit of the Abu Dhabi-based Mubadala Development Company, and Tata Limited, a British company in the Tata Group of India.

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Page last modified: 11-11-2014 19:36:22 ZULU