This website uses cookies
More information
Green Charter 2022
Green Charter 2022
The monthly news publication for aviation professionals.
See more information from the Business Air News Handbook...

Textron Aviation

BAN's World Gazetteer

Kansas
The monthly news publication for aviation professionals.

Request your printed copy

Read our latest feature:   Bonus distribution: EBACE
Textron completes acquisition of electric pioneer Pipistrel
As a Textron company, Pipistrel will have access to greater resources, technical and regulatory expertise and global aircraft sales and support, enabling it to accelerate its development of electric and hybrid aircraft.
Read this story in our May 2022 printed issue.

Textron Inc. has closed its acquisition of Pipistrel d.o.o., Pipistrel Vertical Solutions d.o.o. and Pipistrel Italia S.R.L., known collectively as Pipistrel, a pioneer in electrically powered aircraft.

Pipistrel's Velis Electro is the world's first, and currently only, electric aircraft to receive full type-certification from the European Union Aviation Safety Agency (EASA). The company, which offers a family of gliders and light aircraft with both electric and combustion engines, has delivered more than 2,500 light aircraft worldwide since its founding in 1989 and additionally has both hybrid and electric propulsion models under development.

As a Textron company, Pipistrel will have access to greater resources, technical and regulatory expertise and a global aircraft sales and support network, enabling it to accelerate its development and certification of electric and hybrid electric aircraft. Pipistrel is now part of Textron's newest business segment, Textron eAviation, which will pursue Textron's long-term strategy to offer a family of sustainable aircraft for urban air mobility, general aviation, cargo and special mission roles. Rob Scholl, who has been leading Textron's eAviation initiatives to date, has been named president and CEO of the segment.

“Pipistrel has already achieved what many other companies only aspire to - certifying and delivering highly regarded electric aircraft to customers around the world,” says Textron chairman and CEO Scott Donnelly. “We are excited to accelerate Pipistrel's development and to welcome its talented people into our organisation, where we will pool expertise to make Textron a world leader in sustainable aircraft for a wide range of missions.”

Pipistrel will remain a distinct aviation brand within Textron, alongside the company's already established Cessna, Beechcraft and Bell brands. Its headquarters, research and development, and manufacturing will remain in Slovenia and Italy, where Textron plans to make additional investments to expand manufacturing and product development capabilities.

“With Pipistrel, we have the opportunity to take an already great aircraft manufacturer and make it greater still,” says Textron eAviation CEO Rob Scholl. “We look forward to working with its remarkable team and helping the business achieve its full potential.”

Under the terms of the transaction, Textron purchased Pipistrel for a cash purchase price of approximately €218 million. Pipistrel's founder and CEO, Ivo Boscarol, will remain a minority shareholder of Pipistrel with an approximately 10 percent interest for a two-year period, during which he will advise on future product plans and strategies. The cash purchase price includes the amount for which his minority interest will be purchased at the end of the two-year period.

Other News
 
First of the latest Citation XLS variant enters service
May 8, 2022
More than a thousand 560XL series jets have been delivered throughout the past 25 years, and this latest variant is said to have been moulded by customer feedback. Creature comforts abound.
Landscaping experts put first Citation M2 Gen2 into service
April 5, 2022
The first Cessna Citation M2 Gen2 has been to delivered to a California customer. The versatile light jet enjoys performance and cabin amenities often found only in larger jets.
Textron to acquire electric aircraft developer Pipistrel
March 21, 2022
As part of Textron's new eAviation division, Pipistrel will enjoy access to deep expertise and resources that would otherwise be beyond reach. Now it is looking ahead to exciting new products and projects.