Bidding Process Reopens for Piaggio Aerospace | Aviation International News

Bidding Process Reopens for Piaggio Aerospace

Piaggio Aerospace extraordinary commissioner Vincenzo Nicastro has reopened the bidding process for the sale of the Avanti Evo manufacturer.

Piaggio Aerospace, the Italy-based company that manufactures the Avanti Evo turboprop twin, is once again being put up for bidding. (Photo: Piaggio Aerospace)

By Chad Trautvetter • Online Editor

January 19, 2022

Piaggio Aerospace extraordinary commissioner Vincenzo Nicastro today officially reopened the bidding process for the sale of the Avanti Evo manufacturer after negotiations with a single prospective buyer—reportedly a consortium headed by the Swedish fund Summa Equity—faltered late last year. Parties have until February 28 to send expressions of interest.

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