Italy-based Piaggio has put out a call for buyers for its Piaggio Aero Industries branch and subsidiary Piaggio Aviation, which together operate as Piaggio Aerospace. Piaggio Aerospace is currently under extraordinary administration, a procedure designed to protect the “assets, goodwill and employees” of large insolvent companies. Potential buyers will be screened by Extraordinary Commissioner Vincenzo Nicastro and the sale will be subject to the authorization of the Italian Ministry of Economic Development.
This is a companion discussion topic for the original entry at https://www.avweb.com/recent-updates/business-military/piaggio-aerospace-up-for-sale