Piaggio Aerospace: deadline rescheduled to submit final and binding offers
With a notice published on some financial newspapers, Piaggio Aero Industries and Piaggio Aviation’s Extraordinary Commissioners – Mr Carmelo Cosentino, Mr Vincenzo Nicastro and Mr Gianpaolo Davide Rossetti - announced the rescheduling of the deadline to submit final and binding offers for the purchase of all the business complexes conducted by the Companies, both in extraordinary receivership proceedings.
According to the notice, having received the
authorisation by the Supervisory Committee and the Ministry of Enterprises and
Made in Italy, the Commissioners decided to “reschedule the deadline for all
the entities (incorporated as limited companies) […] interested in submitting,
or integrating, their final and binding offers”. Such offers, the notice states,
“must be submitted […] not later than 6.00 pm CET of 30 January 2024”.
The full text
of the notice is available at Piaggio Aerospace in AS.
Piaggio
Aerospace designs, develops, manufactures, and maintains aircraft, aircraft
engines and structural components. Its history of innovation and progress
started in 1884 in Genoa, Italy. A continuous commitment to research and
development, combined with innovative design and style, leads the development
of Piaggio Aerospace, one of the main players for executive turboprops,
Unmanned Aerial Systems and Special Mission aircraft in the global market. The
company operates from its aerospace center of excellence in Villanova
d’Albenga, Italy, while its Customer Service Department is based in Genoa. In
December 2018, the company entered the extraordinary receivership proceedings
with the appointment of Vincenzo Nicastro as Extraordinary Commissioner. The
same applied later to its subsidiary Piaggio Aviation. According to two
different decrees of the Italian Ministry of Enterprises and Made in Italy
signed on 1 March 2023, the Group is now led by three Extraordinary
Commissioners: the aforementioned Vincenzo Nicastro, Davide Rossetti
(coordinator) and Carmelo Cosentino (industry and aviation expert).