Abu Dhabi, UAE — The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50 percent stake in Flaris, a pioneering Polish aviation company specialising in the development of state-of-the-art personal jets.
The two companies will also establish a joint venture, enabling EDGE to further develop Flaris’ portfolio of jets, leveraging combined expertise to enhance the aircraft’s features and operational capabilities.
Flaris, renowned for its Flaris LAR1 short take-off and landing (STOL) high-speed personal jet, brings to EDGE a wealth of expertise in high-precision aerospace engineering, marking EDGE’s expansion into this field.
The innovations resulting from this joint venture will be showcased at the upcoming Dubai Airshow 2023, specifically, the conversion of Flaris manned aircraft into an unmanned model, leveraging autonomous technologies to meet the dynamic needs of modern defence.
“Incorporating Flaris’ engineering capabilities and a broad range of jets into our ecosystem is a strategic move for EDGE which will mark our expansion into jet engine manufacturing and advanced aviation technologies, and add significant value to our high-tech portfolio,” Mansour AlMulla, Managing Director and CEO of EDGE Group, said. “We anticipate the opportunities this strategic investment and joint venture brings, particularly in transforming current aviation technologies into unmanned systems.”
Rafał Ładziński, CEO of Flaris, said that joining forces with EDGE marks a major milestone for Flaris and underlines our shared commitment to engineering excellence and innovation.
“Their planned developments, especially in autonomous flight and advanced engine technology, align perfectly with our mission of pushing the boundaries of what personal jets can achieve,” Ładziński said. “Our combined expertise will undoubtedly pave the way for further advancements in the aerospace industry.”
EDGE will use its presence at the upcoming Dubai Airshow 2023, from 13th to 17th November, to showcase Flaris’ aircraft and solutions