The United Arab Emirates wants to develop an indigenous business jet as part of an effort to leverage the region’s growing appetite for executive aviation products and services. The initiative would be part of the UAE’s push to diversify its economy. Mubadala Development, the investment arm of the Abu Dhabi government, indicated here that it plans to develop a business jet that could reach the market by 2018. The venture would likely include Italian manufacturer Piaggio, in which ...

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