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News: Piaggio Aerospace Looking To Have Buyer By Q2 2020

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  1. Q2 2020 Piaggio Aerospace Aims To Find Buyer
    Now almost-defunct aerospace company Piaggio Aerospace is looking to have a buyer by at least the start of the middle of next year, (2020). If they can find a buyer/investment they can potentially get back into the game. The Italian Government apparently offered around 250 million Euros for Piaggio to finish the last stages of the P-1HH development program.
  2. They (Italian Government) would then purchase a couple of these unmanned aerial systems from Piaggio. There is still some small work the company is doing at present such as maintenance work. For the next year Piaggio will be engaged in maintenance for the Italian National Acrobatic Team's aircraft under a 45-million Euro contract. Additionally, they will do P-180 Avanti work for the Italian Police, Army and Coast Guard. By April 2020 Piaggio Aerospace hopes to find a new buyer for the company.

    For more information:

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

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