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Baykar acquired the 140-year-old Italian giant.
Baykar acquired the 140-year-old Italian giant.

27.12.2024 14:50

The Italian Ministry of Enterprises and Made in Italy has approved the sale of the country's aviation giant Piaggio Aerospace to Baykar. Baykar, the world's largest drone company, was the highest bidder in the auction held for the acquisition of Piaggio Aerospace, a long-established aviation firm founded in Italy in 1884.

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Baykar, the world's largest UAV company, submitted the highest bid in the auction held to acquire Piaggio Aerospace, a long-established aviation company founded in Italy in 1884, and won.



140-YEAR-OLD GIANT COMPANY



Piaggio Aerospace, known for producing P.180 Avanti business jets and aircraft engines, is referred to as the "Ferrari of the skies" in the aviation sector. The company also plays a strategic role in Italy's defense industry ecosystem with its maintenance, repair, and overhaul (MRO) services. With its 140-year history, Piaggio is known for contributing to Italy's technological infrastructure.



HALUK BAYRAKTAR: WE ARE BRINGING THE POWER OF TURKISH AVIATION INDUSTRY TO EUROPE



Haluk Bayraktar, Chairman of the Board of SAHA Istanbul and CEO of BAYKAR, made a statement on social media regarding the matter, saying, "By incorporating Piaggio Aerospace, which has a rich 140-year heritage, into our company, we are bringing the power of the Turkish aviation industry to Europe. With this strategic step, we are strengthening our production capacity while taking on the responsibility of carrying a historic brand into the future."



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