Piaggio Aerospace Sale Now Down to Five Final Bidders | Aviation International News

Piaggio Aerospace Sale Now Down to Five Final Bidders

Five entities from three continents have made it to the final bidding process to acquire Piaggio Aerospace, with offers to purchase due on March 5.

One of five shortlisted prospective bidders is set to acquire Italy's Piaggio Aero, which makes the Avanti Evo aircraft. (Photo: Piaggio Aero)

By Chad Trautvetter • Online Editor

February 25, 2021

Five entities from three continents have made it to the final bidding process to acquire Piaggio Aerospace, with offers to purchase due on March 5, the Italian aircraft manufacturer announced today. In all, 19 entities had expressed interest in buying Piaggio Aerospace, which entered extraordinary receivership in late 2018, but only five received authorization from the Italian Ministry for Economic Development and then passed the diligence phase.

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