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COVID-19 Impact: Piaggio Extends EOI Deadline

With a notice published in a selected number of financial newspapers Vincenzo Nicastro – the Extraordinary Commissioner of Piaggio Aero Industries Spa and Piaggio Aviation Spa – has extended to the 4th of May 2020, 6 p.m. CEST, the deadline for the submission of the expressions of interest (EOIs) related to the purchase of the business complexes managed by the two companies, both under extraordinary administration.

The decision, writes Nicastro in the notice, was made “in view of the ongoing COVID-19 epidemiological emergency”. The deadline for submitting the EOIs was originally set for April 3, 2020.

Piaggio Aero Industries and Piaggio Aviation operate under the Piaggio Aerospace brand. The group – which also controls the subsidiary Piaggio America in the United States – operates in the Aviation and Engine sectors. In particular, the Aircraft business unit focuses on the design, construction and maintenance of civil and military aircraft, along with customer service activities. The Engine business unit revolves around the construction and maintenance of aero-engines.

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