Piaggio Aerospace

Piaggio Aerospace

Formerly	Piaggio Aero Industries
Company type	Società per azioni
Industry	Aerospace
Founded	1884; 140 years ago (1884)
Founder	Rinaldo Piaggio
Headquarters	Genoa , Italy
Key people	Renato Vaghi (CEO)
Products	Aircraft aero engines
Parent	Mubadala Investment Company
Website	www.piaggioaerospace.it

Piaggio Aerospace, formerly known as (Piaggio Aero Industries), is a multinational aerospace manufacturing company headquartered in Villanova d'Albenga, Italy. The company designs, develops, manufactures and maintains aircraft, aero-engines, aerospace components and aerostructures.

Established in 1884 as Rinaldo Piaggio S.p.A., it shares its ancestry with motor vehicle manufacturer Piaggio and is one of the world's oldest aircraft manufacturers, having produced its first aircraft during 1915. The company's facilities were rebuilt following the Second World War and several original designs, including the P.136 seaplane, the P.149 trainer aircraft, and the P.166 utility transport, were released during the first two decades of the postwar era. During the 1960s, Piaggio began manufacturing jet engines as well. During 1966, the business was separated into the aviation-focused Piaggio Aero and the motor scooter manufacturer Vespa.

During the 1980s, Piaggio developed a new generation business aircraft, the P.180 Avanti. During the late 1990s, Piaggio underwent drastic changes following its bankruptcy. The company was negatively impacted by the Great Recession and the downturn in the business aircraft market. During late 2018, the company entered into receivership after having declared itself insolvent. The firm owns a subsidiary in the United States, Piaggio America, located at West Palm Beach, Florida. In 2021, Piaggio America filed for Chapter 11 bankruptcy.^[1]