A leading aeronautics firm in the international market, Piaggio Aero Industries S.p.A. is the only company in the world that is active in the design, construction and maintenance of both aircraft and aircraft engines.
The company was founded in 1998 through the efforts of a consortium of businessmen headed by engineer Piero Ferrari (Vice President of Ferrari S.p.A.), who is its President, and engineer Josè Di Mase. The consortium acquired the assets of the celebrated Rinaldo Piaggio mechanical and aeronautics industries.
Advanced technology, experience and a strong commitment to research, combined with innovative style, have resulted in the company's international success and have made it a constantly growing corporation in the business aviation and aeronautical engine sectors.
Highly prestigious names have invested in Piaggio Aero Industries S.p.A.over the years.
Its shareholders' structure is composed by the Ferrari and Di Mase families, Mubadala Aerospace - a Business Unit of the Abu Dhabi-based Mubadala Development Company, which purchased a stake in Piaggio Aero in 2006 - and Tata Limited, a British company in the Tata Group that has been a shareholder in Piaggio Aero since 2009.