Piaggio Declares Insolvency, Seeks Restructuring – Aviation International News

Bankruptcy

Piaggio Aerospace declared insolvency late last week, 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 had outlined a five-year turnaround plan that…

Piaggio Aerospace Declares Bankruptcy – Aeronautics Online

Bankruptcy

Piaggio Aerospace, the traditional Italian aircraft manufacturer, has filed for insolvency. The company, which was controlled by Abu Dhabi-based investment association Mubadala, declared bankruptcy on 22 November. According to Italian media, the decision wasnt made easy but was necessary for a complete restart. PiaggioAerospace needs to escape ongoing uncertainties stemming from its current financial situation.…

Almost 60000 in financial hardship defer property tax payments – Irish Times

Bankruptcy

Almost 60,000 people in financial difficulty have deferred property tax payments worth more than 7 million, according to the latest figures. Householders have delayed payment for numerous reasons including low income levels, current financial hardship, personal insolvency or as the personal representative of a deceased person. Social Democrats TD Catherine Murphy called on Minister for…