Aircraft
Piaggio Aerospace Aims To Find Buyer by April 2020
Troubled Italian aircraft manufacturer Piaggio Aerospace will soon start searching for potential buyers of the entire company, hoping to by April 2020.
Piaggio Aerospace is hoping to bolster orders for its P.180 Avanti Evo (in picture) and derivative P.1HH Hammerhead unmanned maritime patrol aircraft before trying to find a buyer for the entire company. (Photo: Piaggio Aerospace)
Piaggio Aerospace is hoping to bolster orders for its P.180 Avanti Evo (in picture) and derivative P.1HH Hammerhead unmanned maritime patrol aircraft before trying to find a buyer for the entire company. (Photo: Piaggio Aerospace)

Troubled Italian aircraft manufacturer Piaggio Aerospace is trying to chalk up orders for its P.180 Avanti Evo turboprop twin while it simultaneously searches for potential buyers of the entire company by April 2020. Piaggio went into insolvency after its UAE-based owner Mubadala cancelled its order for the P.1HH Hammerhead, an unmanned maritime patrol version of the Avanti. The Italian government appointed lawyer Vincenzo Nicastro on December 3 as an “extraordinary receiver” to temporarily manage Piaggio.