This website uses cookies
More information
Business Air News Bulletin
Business Air News Bulletin
The monthly news publication for aviation professionals.
Related background information from the Handbook...

Piaggio Aerospace
Aircraft

P180 Avanti

BAN's World Gazetteer

Italy
The monthly news publication for aviation professionals.

Request your printed copy

Piaggio Aerospace swamped with EOI offers
Piaggio's main goal is to find a new owner for the whole company by the end of the year. Although the sale progress has been interrupted by the pandemic, the Italian OEM is very pleased to report 19 interested parties.
Read this story in our June 2020 printed issue.

By the closing deadline of Friday 29 May, Piaggio Aerospace received 19 expressions of interest (EOI), accompanied by a large volume of documentation, for the purchase of the business complexes of Piaggio Aero Industries and Piaggio Aviation. Both companies are currently under extraordinary administration and operating under the Piaggio Aerospace brand.

“EOIs were submitted from all over the world,” says Vincenzo Nicastro, the extraordinary commissioner. “In particular they came from North America, Europe and the Far East. This confirms the levels of interest in the group and its growth potential, although some possibly interested parties could have been discouraged by the current pandemic.”

According to Nicastro, who will soon examine the files to assess their eligibility to the tender, most of the applicants are interested in the whole group. Those showing the necessary requirements will then be allowed access to the data room in order to assess the value of Piaggio Aerospace and, if their interest is confirmed, submit their binding offers. The buyer will then be selected.

Piaggio's main goal is to find a new owner for the whole company by the end of the year.

After the recently signed long-term agreement with the Italian Ministry of Defence for the support of the P.180 air fleet of the Armed Forces, Piaggio is offering potential buyers a 640 million euro order book. Additional orders are under negotiation for a further 260 million euros.

Other News
 
Lilium gears up for production of electric propulsion units
February 28, 2024
Prototype propulsion units are due to start coming off the new line in Wessling, Germany in 2Q 2024 and will be used for testing and the flight test campaign.
Full-scale prototype assembly by Overair signals start of Butterfly flight tests
December 28, 2023
This marks the build and assembly of the first-ever eVTOL aircraft to utilise Optimum Speed Tilt Rotor and Individual Blade Control technology. The Butterfly will begin flight testing in early 2024.
Ampaire’s EEL completes record 12 hour flight
December 14, 2023
The hybrid electric demonstrator aircraft flew for 12 hours and still had fuel and battery reserves enough for two hours more.