Jessica is Executive Editor of Business & Commercial Aviation magazine. She started as Editor of ShowNews Online, Aviation Week's on-site trade show daily published at the Paris Air Show, NBAA Annual Convention, Singapore Air Show and at other significant aerospace gatherings.
Jessica has worked in television production and management consulting. While not yet a licensed pilot, Ms. Salerno has received flight instruction and has soloed.
Mubadala Development Company, an investment vehicle wholly owned by the government of Abu Dhabi, has purchased the minority (1.95%) share in Piaggio Aerospace formerly held by Piero Ferrari. T he Italian planemaker is now its 100% controlled by Mubadala. Carlo Logli, Piaggio’s CEO, said, move “represents a tangible sign of Mubadala’s steadfast commitment in our company and trust in our new technologies, programs and products.” Mubadala has been a shareholder in Piaggio Aero since 2006.
Bombardier’s Wichita Learjet facility is seeking to take on outside work from third parties to diversify its business. It has also expanded its Wichita service center capabilities.
The business jet market is expected to reach nearly $21.07 billion this year, according to London-based Visiongain. Demand for business jets is growing because of a strengthening global economy and a rise in high net worth individuals. Several major business jet manufacturers offer a diverse portfolio of aircraft types with a broad range of performance and flight mission capabilities, Visiongain said.
