The only news at the moment is a series of 1/32 Fiat Cr.42 injection moulded kits to be released by ICM. With the one other choice in this increasingly popular scale being the rather pricey Silver WIngs 1/32 resin kit, I am sure it will prove popular.
Special Hobby have consistently produced worthy Regia Aeronautica aircraft kits over the years. Recently they re-issued their rather impressive 1/72 Piaggio P.108 that was originally released a few years ago in a joint effort with Flying Machines. This update has new cockpit and undercarriage parts but it's a shame they did not upgrade the engines. They have also released a nicely detailed RE.2005 in 1/48, followed up by a revised ex-Classic Airframe RE.2000 kit, which has an all new fuselage and detail parts. They did not correct the wing panel detail as it is more like a RE.2001 / RE.2002 type wing .
Other recent releases worth checking out are:
AMPs 1/48 Piaggio Pegna P.7. Please note that it actually scales out at 1/50
Dora WIngs 1/72 Savoia S.55. At long last a decent but rather complex kit of this disctintive twin-hulled seaplane
Sword 1/48 Reggiane RE.2005. A close match to the admittedly superior Special Hobby RE.2005
Any of the Special Hobby releases are worth a look, the most recent being the following:
1/72 scale: Breda Ba.88, Caproni Ca.310/Ca.311/Ca.311M and Piaggio P.108
1/48 scale: Breda Ba.65, IMAM Ro.37/Ro.43/Ro.44 and Reggiane RE.2005
1/32 scale: Fiat G.50
Some of the 1/72 kits in this list are long gone but could do with a second look. There is quite a lot of new data available these days so it possible to produce much better quality models.
Fly/LF Models/RCR Caproni Ca.101
Broplan Caproni Ca.111
Aviation USK Caproni Ca.133
LF Models Caproni AP.1
LF Models Caproni Ca.331 OA
Dujin Caproni CH.1
Dujin Caproni Stipa
Delta2/Valom Caproni Campini
Italeri Caproni Ca.314
Supermodel CANT Z.1007
Legato CANT Z.1018
LF Models IMAM Ro.1
Aviation USK/Xotic-72 FIAT RS-14
LF Models Piaggio P.32
Italianwings Piaggio P.119
Delta2 Savoia S.55X
RCR Savoia SM.85
LF Models Savoia SM.86
Legato Savoia SM.93
Broplan Umbra T.18
To my knowledge the following have never been kitted.
CANT Z.511 - large elegant 4-engined seaplane
Piaggio P.23R - streamlined record breaking transport design
Piaggio P.50 - forerunner of the P.108 bomber
Savoia SM.91 - twin boom fighter
Savoia SM.92 - variant of above
Umbra MB.902 - twin engined fighter with counter rotating props
Out of all the Regia Aeronautica kits I have built the following are those whose construction I enjoyed the most, based purely on satisfaction when completed and not on ease of build.
Choroszy Modelbud 1/72 Piero Magni PM series
Dora Wings 1/72 Savoia S.55
Pacific Coast Models 1/32 Reggiane RE.2005 'Sagittario'
Pacific Coast Models 1/32 FIAT G.55
RS Models 1/72 A.V.I.A. FL.3
Special Hobby 1/72 Piaggio P.108
Special Hobby 1/48 Breda Ba.65
Special Hobby 1/48 FIAT G.55
Special Hobby 1/48 Nardi FN.305
Special Hobby 1/32 FIAT G.50 'Freccia'