Aircraft
Single Bidder Enters Final Negotiations for Piaggio
The Italian Ministry for Economic Development has approved moving into final negotiations for Piaggio with a binding offer expected in about a month.
Piaggio hopes to wrap up negotiations with a would-be buyer of the company's assets in about a month. (Photo: Piaggio Aerospace/Paul Cordwell)
Piaggio hopes to wrap up negotiations with a would-be buyer of the company's assets in about a month. (Photo: Piaggio Aerospace/Paul Cordwell)

Negotiations for the sale of Piaggio Aerospace are entering the final stage with the field of would-be buyers narrowed to a single bidder, the Italian airframer has confirmed. Those negotiations are expected to last about a month and result in an “irrevocable and binding offer.”


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