With a notice published on some financial newspapers, Piaggio Aero Industries' and Piaggio Aviation’s extraordinary commissioners Carmelo Cosentino, Vincenzo Nicastro and Gianpaolo Davide Rossetti have announced the rescheduling of the deadline to submit final and binding offers for the purchase of all the business complexes conducted by the two companies, both of which are in extraordinary receivership proceedings.

According to the notice, having received the authorisation by the supervisory committee and the Ministry of Enterprises and Made in Italy, the commissioners decided to 'reschedule the deadline for all the entities (incorporated as limited companies) […] interested in submitting, or integrating, their final and binding offers'. Such offers, the notice states, 'must be submitted […] not later than 6.00 pm CET of 30 January 2024'.

Piaggio went into Extraordinary Receivership in December 2018 and its sale commenced the following April. A relaunch plan was lodged with the Ministry of Economic Development in August 2019. The company was still looking for a buyer in January 2022 and, having closed one of its best financial years, it was hoped the purchaser would implement a recovery plan for the whole business. No purchaser was confirmed so the bidding process was reopened. The deadline has subsequently been extended, a number of times. In August this year, thirteen new companies were granted access to the Piaggio data room as part of the due diligence phase, prior to submitting their binding offers.