Italy’s Ministry of Enterprises and Made in Italy has approved the sale of Piaggio Aerospace to Baykar.
Piaggio Aerospace is best known in the aviation industry for producing P.180 Avanti business jets and aircraft engines.
The company also plays a strategic role in Italy’s defense industry ecosystem thanks to its maintenance, repair, and overhaul (MRO) services, and is renowned for its contributions to Italy’s technological infrastructure over its 140-year history.
With this acquisition, Baykar is set to expand its influence in the European aviation market while preserving Piaggio’s historical legacy and enhancing its production capacity.
Baykar’s future vision includes growing the employment opportunities that Piaggio provides in Italy.
This strategic move adds to the global successes of Türkiye’s aviation industry and ensures that Piaggio’s historical identity is carried into the future through this agreement.
