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Textron to acquire electric aircraft pioneer Pipistrel

Textron Inc has announced it has entered into an agreement to purchase Pipistrel, manufacturer of electrically powered aircraft, based in Slovenia and Italy.

Pipistrel founder and CEO Ivo Boscarol will remain a minority shareholder as well as Chairman Emeritus, consulting on future product plans and strategies for a two-year period.

The transaction is expected to close during the second quarter of 2022, subject to customary closing conditions, including regulatory approvals.

Further information:

Press@Pipistrel-aircraft.com

(Image: Pipistrel Velis Electro)

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