Piaggio Aerospace – the drama continues

Italian OEM Piaggio Aerospace, which includes Piaggio Aero Industries and Piaggio Aviation, has been under extraordinary administration since 2018 and has declared bankruptcy on numerous occasions since 1995. In the latest twist to the eventful story of the manufacturer of the iconic P180 Avanti, amongst others, the government-appointed extraordinary commissioners in Italy confirmed they had received 18 expressions of interest (EOIs) and hope to have identified a buyer by the end of this year. Piaggio claims that it holds a backlog of 17 orders for the latest P180 Avanti EVO, worth some USD609 million.

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