Abu Dhabi to build first commercial jet by 2018

Abu Dhabi to build first commercial jet by 2018(Abu Dhabi) – Abu Dhabi will become the first Arab city to manufacture a commercial airplane in a business venture announced by United Arab Emirates aerospace company Mubadala, which plans to build an aircraft by 2018. Mubadala hopes to make the UAE capital a global aerospace center, joining forces with Italy’s Piaggio Group, Homaid El Shemmari, chief executive of Mubadala aerospace company said.
Mubadala acquired a 31.5 percent stake in Piaggio, which specializes in the production of aircrafts and spare engines and component materials for aircraft structures.

Posted on Jul 24 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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