Telespazio Eyes Ownership of Avio

Inaugural Vega flight. (Credits: ESA - S. Corvaja, 2012)
Inaugural Vega flight. (Credits: ESA – S. Corvaja, 2012)

Space News reports that Italy’s Avio launch vehicle builder is attracting some suitors:

The new chief executive of satellite services provider Telespazio said he is positioning the company to better compete with Astrium Services, and that ownership of Italy’s Avio rocket builder would enhance his product portfolio.

In a June 19 interview here at the Paris Air Show, Luigi Pasquali declined to say whether Rome-based Telespazio’s parent company, Finmeccanica, would enter the bidding for Avio in competition with France’s Safran/Snecma and with the EADS-owned Astrium Space Transportation company of France and Germany.

Other bidders may appear, depending on whether the Italian government weighs in with an opinion on the future of Avio, which is the industrial prime contractor for Europe’s Italian-led Vega small-satellite launcher. Vega has flown twice and is the first European rocket to succeed in its first two missions.

OHB AG of Germany ultimately may take part in an Avio bid but is unlikely to seek to purchase the entire stake of Avio’s majority owner, European private-equity investor Cinven, industry officials said.

Read the full story.

 Please follow Parabolic Arc on Facebook and Twitter.