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News: Piaggio Outlines New Five Year Plan

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  1. New Five Year Plan For Piaggio Outlined

    Piaggio Aerospace has outlined its plan for the next five years for overall operations. Remember they are also engaged in the defense industry namely with a military variant of the P180 which they call the P.1HH (hammerhead). There is also going to be invigoration of the business aircraft side of things with the P180 Avanti EVO. With 255 million Euro cash injection via the shareholder the company's activities can be further supported in the short term.
  2. The development of a new production and commercialization strategy for the P.180 business aviation program, including the assessment of potential partnership opportunities; and the sale of the Engines and civil aviation Maintenance Repair and Overhaul (MRO) activities are all on the cards for 2018 and into the following four years under the plan. The plan is supported by the shareholder as well as key stakeholders including the Italian Government and the Italian Air Force. On the defense side of things, the P.1HH is expected to start deliveries in 2018 and is the only remotely piloted MALE (Medium Altitude Long Edurance) system in Europe at this point.

    For more information:

    Piaggio Aero
    Viale Generale Disegna, 1
    17038 Villanova d’Albenga
    (Savona, Italy)

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