Aircraft
Piaggio Aerospace Touts Turnaroud
With $930 million in orders, Italy’s bankrupt Avanti Evo manufacturer plans tender offer for sale of the company, now under government control.

With a balance sheet reflecting $930 million in orders and commitments, Italy’s Piaggio Aerospace announced on Wednesday at NBAA-BACE 2019 the impending launch of a public tender for the insolvent company, a new agreement for the sale of at least 10 Avanti Evo turboprop twins, and plans to introduce two corporate shuttle versions of the eight-passenger aircraft. 


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