Gulfstream slapped down a new gauntlet on Monday with the introduction of the 7,500-nm range G650ER, claimed by the firm to be the world’s longest-range business jet. Just as impressively, Savannah’s new über-jet will be able to fly 6,400 nm at Mach 0.90.
Piaggio Transitions Leadership Under Mubadala Ownership Abu Dhabi-based Mubadala has taken over the stake in Piaggio Aero held by Tata Limited, giving it a more than 98% holding of the Italian airframer and engine maker. Piaggio confirmed that the Italian government has approved Mubadala’s buyout of Tata’s shares. Piero Ferrari retains a 1.95% holding in the company but is stepping down as chairman. CEO Alberto Galassi is moving into the role.
