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 (business aviation and ISR) and aero 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.). 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 global brand in the business aviation , a prominent player in the surveillance and security sector producing leading edge Unmanned Aerial Systems and world class Multirole Patrol Aircraft - and a consolidated company active in the part manufacturing, final assembly the aeronautical engine sectors.
Highly prestigious names have invested in Piaggio Aero Industries S.p.A. over the years.
Its shareholders' structure is composed by Tata Limited, a British company part of the Indian industrial conglomerate Tata Group, Mubadala Development company Mubadala Development Company, the strategic investment company of the Abu Dhabi Government – the HDI hedge found and Mr Piero Ferrari who is also Chairman of the Board of Directors.