Piaggio Aerospace goes into special administration

Italy based corporate airframer Piaggio Aerospace has declared itself insolvent, & has entered special administration.
Piaggio, the designer & manufacturer of the iconic P180 Avanti twin turboprop (approx. 255 built), can trace its history back to 1884 when founder Rinaldo Piaggio began manufacturing for the booming railway industry in Genoa (Genova).

Piaggio P180 Avanti

The earlier Piaggio P166, developed from the P136