Page 60 - World Airnews September 2020 Edition

BALLITO IS MY STORY
THE NORTH COAST IS OUR STORY.
NEWS DIGITAL

BANCA IFIS FINANCES PIAGGIO

AEROSPACE WITH THE TIDES OF CHANGE

all, employment”, Luciano Colombini, CEO of Banca Ifis said.
"Our institute, for over 30 years, has in fact been working COME NEW OPPORTUNITIES
After the final green light received from the ministry of alongside Italian companies and entrepreneurs, integrating
economic development and the approval of the supervisory business strategy and sustainability, to create value in the medium TO REWRITE YOUR STORY
committee, Piaggio Aerospace and Banca Ifis have now signed a and long term".
contract for a financing - in the form of an advance on contracts Nicastro - appointed by the Italian Government in December
and factoring operations - for a total amount of 30 million euros. 2018 - recently launched an international tender for the sale of the
"The agreement, reached at the end of a process that has business complexes of the two companies: 19 entities from all over
initially involved other public and private financial institutions, will the world originally submitted their invitation of interest, 11 of
now allow Piaggio Aero Industries and Piaggio Aviation - the two which were subsequently admitted to the data room.
companies in extraordinary administration that operate under the The primary goal of the Commissioner is to find a new owner by
Piaggio Aerospace brand - to be fully operational", the extraor- the end of this year.
dinary commissioner Vincenzo Nicastro said, "thus gradually With the recent award of a new multi-year contract by the
recalling the workers still in temporary layoffs. The sales process defence for the integrated logistical support of the entire of P.180s
can also be now completed”, he said. fleet operated by the Armed Forces, Piaggio Aerospace has now a
"For Banca Ifis, after a line of credit granted in 2019 for the sale backlog equal to 640 million euros.
of tax credits, this is the second transaction with the aviation More orders, for a further amount of 260 million euros, are
group, in support not only of its production activities but also of in various stages of negotiation. The total order intake should
the local communities in which the company operates and, above therefore reach 900 million euros. Q

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HIGH-SPEED ROTOR BLADES As an area expert working with a market

CELIA TABB leading team, I look forward to being a part of

The blade possesses modern speed of more than 400 km/h without BALLITO AREA EXPERT your next chapter.”
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The Russian Helicopters holding com- composition; it is manufactured using the design. At the same time, we managed
pany (part of RostecState Corporation), technology of one-stage compression to maintain low vibration and load levels, celia.tabb@seeff.com
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