Piaggio Aerospace Expression of Interest deadline extended until 19 June 2023

Piaggio Aerospace

Piaggio Aero Industries and Piaggio Aviation Extraordinary Commissioners Carmelo Cosentino, Vincenzo Nicastro and Gianpaolo Davide Rossetti have announced they extended till 19th June, 6 pm CEST the deadline to submit expressions of interest (EOIs) to purchase the business complexes of the two companies under extraordinary administration.

The decision was taken because some interested parties asked for more time to submit the necessary documents. The original deadline was set on 12th June 2023.

Piaggio Aerospace has a €556m order portfolio, with a P.180 Avanti EVO backlog of 17 units. The company expects to break even at the end of 2023, it said.