Aircraft
Piaggio Aerospace Goes on the Block
Piaggio Aero Industries and subsidiary Piaggio Aviation is officially on the block and hopes to find a buyer and close the deal by year-end.
Piaggio Aerospace, the Italian manufacturer of the Avanti Evo, is officially on the block and hopes to find a buyer and close the deal by year-end. (Photo: Piaggio Aerospace)
Piaggio Aerospace, the Italian manufacturer of the Avanti Evo, is officially on the block and hopes to find a buyer and close the deal by year-end. (Photo: Piaggio Aerospace)

Piaggio Aero Industries—and subsidiary Piaggio Aviation is officially on the block—and hopes to find a buyer and close the deal by year-end, it announced today. The sale of the two companies, currently under “extraordinary administration” and operating under the Piaggio Aerospace brand, follows authorization from the Italian Ministry of Economic Development.