The EDGE Group, a prominent advanced technology and defence conglomerate based in the UAE, has declared the purchase of a 50 percent stake in Flaris, an innovative Polish aviation firm specializing in cutting-edge personal jet development.
Both entities will establish a collaborative venture, providing EDGE with the opportunity to advance Flaris’ jet portfolio. This collaboration will leverage their combined expertise to enhance the aircraft’s features and operational capabilities.
EDGE’s Strategic Investment: Advancing Commercial Technologies in Defence
This strategic investment seamlessly integrates into EDGE’s growing portfolio and aligns with the company’s vision to forefront innovative commercial technologies in the defence sector. Flaris, known for its Flaris LAR1 short take-off and landing (STOL) high-speed personal jet, brings substantial expertise in high-precision aerospace engineering, marking EDGE’s foray into this domain.
The outcomes of this joint venture, including the transformation of manned Flaris aircraft into unmanned models utilizing autonomous technologies, will be exhibited at the upcoming Dubai Airshow 2023. This move reflects a commitment to meeting the dynamic requirements of modern defence.
Mansour AlMulla, Managing Director and CEO of EDGE Group, said, “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. 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, stated, “Joining forces with EDGE marks a major milestone for Flaris and underscores 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. Our combined expertise will undoubtedly pave the way for further advancements in the aerospace industry.”
This strategic acquisition solidifies EDGE’s role as an innovative pioneer in enhancing the UAE’s defence and autonomous capabilities. The firm maintains its dedication to investing in cutting-edge technology, strengthening the nation’s manufacturing ecosystem, and promoting economic diversification in alignment with the UAE’s Vision.
EDGE will leverage its participation in the forthcoming Dubai Airshow 2023, scheduled from 13th to 17th November, to present Flaris’ aircraft and solutions, according to WAM.