In an announcement that surprised many industry watchers, Textron revealed it was buying Pipistrel Aircraft, a Slovenian company that has been at the forefront of light aircraft innovation, most recently in the electric and hybrid airplane sector. In the announcement, Textron CEO Scott Donnelly said the acquisition will result in the creation of separate business unit known as Textron eAviation. "Pipistrel puts Textron in a uniquely strong position to develop technologies for the sustainable aviation market and develop a variety of new aircraft to meet a wide range of customer missions," said Donnelly. "Today's announcement supports Textron's long-term strategy to offer a family of sustainable aircraft for urban air mobility, general aviation, cargo, and special mission roles." Founder Ivo Boscarol will stay on as a shareholder and chairman emeritus.
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