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News: Latest On Piaggio Aerospace Situation

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  1. Piaggio's Aerospace Latest Position
    The long drawn-out process of finding investment and ultimately a sale for the Italian airframer Piaggio Aerospace has been tenuous at best. However, with Expressions of Interest (EOIs) last set to a deadline of April, Corona Virus set in and the deadline was pushed back to the end of May. With May gone and the deadline closed on May 29th, Piaggio Aerospace claimed 19 Expressions of Interest from various entities mostly wanting to purchase the group (Piaggio Industries and Piaggio Aerospace) in its entirety.
  2. "EOIs were submitted from all over the world", says Mr Nicastro, the Extraordinary Commissioner, "in particular from North America, Europe and the Far East. This confirms the interest in the Group and its growth potential, although some possibly interested parties could have been discouraged by the current pandemic". According to Mr Nicastro- who will soon examine the files to assess their eligibility to the tender- most of the applicants are interested in the whole Group.

    For more information:

    Piaggio Aero
    Viale Generale Disegna, 1
    17038 Villanova d’Albenga
    (Savona, Italy)

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