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Piaggio Aerospace Postpones Deadline for Bids Again

: Apr 22, 2020 - : 2:39 am

Italy’s Piaggio Aerospace said on Tuesday it would postpone for the second time in less than a month the deadline to submit expressions of interest for the company, due to the ongoing coronavirus crisis.

“The deadline for the submission of the expressions of interest to purchase the business complexes of Piaggio Aero Industries and Piaggio Aviation, the two companies under extraordinary administration operating under the Piaggio Aerospace brand, has been further extended to the 29th of May,” read the company’s statement.

The final date – according to a paid notice published this morning in some financial newspapers – is therefore now set at “6 p.m. CEST on 29 May 2020”.

The ongoing international epidemiological emergency from COVID-19 and the consequent additional containment measures adopted by numerous governments have in fact convinced the Extraordinary Commissioner Vincenzo Nicastro to postpone the time limit for the submission of the necessary documentation by approximately one month, “so as to allow the widest possible participation in the sales procedure,” Nicastro stated.

The group added in a statement that it had partially resumed aircraft production on Monday and around 60 per cent of its employees was working.

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