Stavatti Aerospace

Stavatti Aerospace Ltd. has selected a former U.S. Army Reserve Center in Niagara County, New York, for a prototype development and production facility, pledging nearly $26 million in investment and 590 jobs over five years.

Stavatti Aerospace submitted an expression of interest to purchase Piaggio Aero Industries and Piaggio Aviation, with a bid worth hundreds of millions of dollars, to restart production and develop new aircraft variants.

Stavatti Aerospace and Jugoimport SDPR signed an agreement for strategic cooperation on joint marketing, modification, certification, and production of aircraft from Utva Pancevo, as well as joint development of new aircraft and components.