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 - February 25, 2021, 10:24 AM One of five shortlisted prospective bidders is set to acquire Italy s Piaggio Aero, which makes the Avanti Evo aircraft. (Photo: Piaggio Aero) Five entities from three continents have made it to the final bidding process to acquire Piaggio Aerospace, with offers to purchase due on March 5, the Italian aircraft manufacturer announced today. In all, 19 entities had expressed interest in buying Piaggio Aerospace, which entered extraordinary receivership in late 2018, but only five received authorization from the Italian Ministry for Economic Development and then passed the diligence phase. Vincenzo Nicastro, the extraordinary commissioner of Piaggio Aerospace, said letters were sent to those who explicitly confirmed their interest in purchasing the company and reaffirmed their willingness to take over the business in its entirety. “Having five bidders on the shortlist is a very positive result,” he said, “particularly if we consider that the pan

Avanti evoVincenzo nicastroPiaggio aerospaceItalian ministry for economic developmentItalian ministryEconomic developmentAviation newsஅவந்தி எவோவின்சென்சோ நிகாஸ்ட்ரோபியக்கிஓ விண்வெளிஇத்தாலிய அமைச்சகம் க்கு பொருளாதார வளர்ச்சிஇத்தாலிய அமைச்சகம்பொருளாதார வளர்ச்சிவிமான போக்குவரத்து செய்தி