Aircraft
Piaggio Receivership Commissioners Extend Sale Deadline
Prospective buyers for aircraft manufacturer Piaggio now have an extra week to submit expressions of interest, with the deadline extended to June 19.
Piaggio P180 Avanti Evo aircraft taxiing on airport ramp
The receivers for Piaggio Aerospace say the company holds firm orders for 17 Avanti Evo aircraft. (Image: AIN)

Italian officials seeking buyers for Piaggio Aerospace and Piaggio Aviation have extended the deadline to receive expressions of interest by one week to June 19. In a statement issued today, the “extraordinary commissioners” handling the receivership process said they have allowed more time for several interested parties to submit the required documents.

According to the statement, Piaggio Aerospace holds an order backlog worth €556 million ($609 million) covering 17 units of its P.180 Avanti Evo twin-pusher business turboprop. It said that the Genoa-based company is expected to break even on its balance sheet by year-end.

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