Italian A/C Manufacturer Reportedly Draws 19 Bids
For those of you who thought the innovative Piaggio Aerospace program may be toast, you may be wrong. Piaggio Aerospace, best known for the curvy Avanti EVO Twin Turbo-Prop, filed for the equivalent of bankruptcy protection late in 2018. Since then, some 19 international concerns have expressed interest in acquiring the stumbling company. Via a public statement, the company’s special administrator Vincenzo Nicastro, reported that, “Bids came in a bit from all over the world but especially from North America, Europe and the Far East.”