In February 2019 Mondovolo incorporated 19-01 Holdings in Italy as the next step in creating the necessary organization to manage the different projects underway. 19-01 will act as the full operational organization for all the upcoming activities that will be required to create a full value chain for the aerial firefighting and rescue activities. This comfortably put the projects within the domain of the EU where the issue of wildfires and training are at the top of most of the government’s agendas.
Incorporation of Italian Holding company in Italy
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As the interest in 19-01’s project gained global visibility, Renato was personally invited by His Royal Highness, Prince Abdulaziz bin Faisal bin Abdulmajeed Al Saud to attend the Global Family Office Summit in Riyadh.
Following the catastrophic wildfires of 2021 interest in this project has gained further visibility around the world.
By August 2021, despite all the difficulties arising from the incumbent pandemic the 19-01 team have now finalized the main specifications for the future development of the new aircraft -