Alenia Aeronautica
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Alenia Aeronautica
Alenia Aeronautica was an Italian aerospace company. Its subsidiary, subsidiaries included Aermacchi, Alenia Aermacchi and Alenia Aeronavali. Alenia Aeronautica was also the part-owner of ATR (aircraft manufacturer), ATR, a joint venture with European Aeronautic Defence and Space Company (EADS). During January 2012, the company was reorganized as Alenia Aermacchi. Three years later, it was fully merged into Finmeccanica, which has since reorganised itself as a more integrated business, adopting the Leonardo S.p.A., Leonardo name for the group History Alenia Aeronautica was created during 1990 by merger of Istituto per la Ricostruzione Industriale, IRI's Aeritalia and Selenia subsidiaries. The new company was associated with several ongoing aircraft programmes and partnerships, including the multinational Eurofighter Typhoon fighter programme, the Panavia Tornado fighter-bomber. As a partner in Panavia Aircraft GmbH, Aeritalia manufactured the Tornado's wings while the other ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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