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Piaggio Aerospace
Aircraft

P180 Avanti

BAN's World Gazetteer

Italy
The monthly news publication for aviation professionals.

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Piaggio pushes back expression of interest deadline, again
As it continues to work for a sale, Piaggio Aerospace's production activities in the premises of Villanova d'Albenga and Genoa are continuing in compliance with safety measures to safeguard the health of personnel.
The continuing challenge of Coronavirus has delayed Piaggio's hopes of a quick sale.
Read this story in our May 2020 printed issue.

The deadline for the submission of the expressions of interest to purchase the business complexes of Piaggio Aero Industries and Piaggio Aviation, the two companies under extraordinary administration operating under the Piaggio Aerospace brand, has been further extended to the 29 May.

The ongoing international epidemiological emergency from COVID-19 and the consequent additional containment measures adopted by numerous governments have in fact convinced the extraordinary commissioner Vincenzo Nicastro to postpone the time limit for the submission of the necessary documentation by approximately one month, "so as to allow the widest possible participation in the sales procedure," Nicastro states.

The final date, according to a paid notice published this morning in some financial newspapers, is therefore now set at 6.00 p.m. CEST on 29 May 2020.

In the meantime, Piaggio Aerospace's production activities in the premises of Villanova d'Albenga, in the province of Savona, and Genoa are continuing in full compliance with safety measures to safeguard the health of its personnel.

Piaggio Aero Industries and Piaggio Aviation operate under the Piaggio Aerospace brand. The group, which also controls the subsidiary Piaggio America in the United States, is active in the aviation and engine sectors. In particular, the aircraft business unit focuses on the design, construction and maintenance of civil and military aircraft, along with customer service activities. The engine business unit revolves around the construction and maintenance of aero-engines.

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