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News: Piaggio Aerospace Firmly On The 'Block'; Awaits New Buyer

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  1. Hopes For New Piaggio Buyer
    Today Italian pusher-prop maker Piaggio Aerospace is now firmly on the 'block' as it awaits a new buyer to take over the company. Since being under the control of the 'Extraordinary Administration', the company has seen some contracts and orders come in in the way of maintenance work as well as new orders. There is now decent-enough financial stability for the company to possibly look attractive for purchase and hopefully that happens before this year concludes.
  2. Extraordinary Commissioner Vincenzo Nicastro has advised interested parties to send in their expressions of interest by April 3rd, 2020. "Just over a year since the extraordinary administration started, we have succeeded in creating a respectable order intake, which makes the company attractive for a buyer," said Nicastro. "We shall rigorously evaluate each of the offers that will reach us," he added, "with the aim of selling the company in its entirety and finding a buyer who can offer a solid, long-lasting recovery and development plan. We aim at concluding the process within the current year".

    For more information:

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

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