Aircraft
Deadline Extended for Piaggio Aero Sale
Formal notifications of interest in acquiring the Italian companies—what officials call an “expression of interest—will be accepted until May 4.
Piaggio Aerospace, the Italian manufacturer of the Avanti Evo, hopes to find a buyer and close the deal by year-end. (Photo: Piaggio Aerospace)
Piaggio Aerospace, the Italian manufacturer of the Avanti Evo, hopes to find a buyer and close the deal by year-end. (Photo: Piaggio Aerospace)

The notification deadline for groups interested in purchasing Piaggio Aero Industries and its subsidiary, Piaggio Aviation, has been extended because of the Covid-19 pandemic, it announced on Tuesday. Formal notifications of interest in acquiring the Italian companies, under what officials call an “expression of interest,” will be accepted until May 4. The original deadline for submitting an EOI was April 3.


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