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Tuesday, October 4, 2022

Pipistrel looks back on best business year yet

By: P.T., STA

The Ajdovščina-based ultralight aircraft maker Pipistrel did great last year despite the Covid-19 pandemic.

Director and co-owner Ivo Boscarol told the STA the company posted a record high net profit of EUR 4.5 million on EUR 32 million in total revenue. The profit will be used for numerous new investments this year, including in China, where Pipistrel will launch a new subsidiary, with Boscarol expecting a major business deal in China starting at the end of the year.

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