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Piaggio Aerospace: call for expressions of interest published

For the entire company or for aircraft business or engines business -ATTACHMENT

The extraordinary commissioner of Piaggio Aerospace, Vincenzo Nicastro, intends to carry out an initial survey in order to assess the interest on the part of the market for the purchase of the entire company or of one of its two business complexes (aircraft business and business engines) or to carry out operations related to its restructuring, as required by the Marzano law.

Therefore the company -in extraordinary administration since last December 3 (see AVIONEWS)- received authorization from the Ministry of Economic Development published today, April 30th, a paid announcement on some economic-financial publications and on the site of the extraordinary administration where it can also be consulted a brief presentation of Piaggio Aerospace.

The aircraft business, in particular, is dedicated to the design, construction and maintenance of civil and military aircraft and includes customer service activities, while the engine business is dedicated to the design, construction and maintenance of aeronautical ones.

"The objective of this action -Vincenzo Nicastro the extraordinary commissioner of Piaggio Aerospace declared it- is simply to understand who the persons potentially interested are today, so as to be able to evaluate their type and functional characteristics to preserve the productive continuity of Piaggio Aerospace and, consequently, to start the subsequent initiatives envisaged by the law”.

Expressions of interest, which are not binding, must be sent in Italian or English to the special commissioner by 6pm on Wednesday May 15 by e-mail.

See for details AVIONEWS.

The notice regarding the expressions of interest is attached to this AVIONEWS.

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