Piaggio Declares Insolvency, Seeks Restructuring – Business Jet Traveler

Piaggio Aerospace recently declared insolvency, asking for extraordinary administration that would facilitate restructuring, the company confirmed. Under extraordinary administration, the Italian government will appoint a commissar who will work to guarantee business continuity, a spokesman said. The move comes a year after the financially troubled Italianmanufacturer outlined a five-year turnaround plan that included a 255…

Amy Foundation fears more funders may withdraw amid strike – Independent Online

File photo: Ayanda Ndamane/ African News Agency (ANA) Cape Town The Amy Foundation fears that more funders may withdraw their support to the organisation facing a number of challenges, including a strike by employees. The foundations managing director, Kevin Chaplin, has confirmed that 13 funders have already withdrawn. This as its employees vowed to intensify…