Aircraft
Turkey's Baykar Receives Italian Nod To Buy Piaggio
Baykar intends to preserve Piaggio’s identity and ‘relaunch’ the company
Piaggio Avanti Evo (Photo: Baykar)
Piaggio, which has a 140-year heritage, is known for its Avanti pusherprop and MRO services in Italian market. © Baykar

Turkish military drone maker Baykar has received approval from Italian authorities to acquire Piaggio Aerospace, clearing the path for the sale of the business pusherprop manufacturer after a protracted search for a new owner.

Announcing the approval from the Ministry of Enterprises and Made in Italy on Monday, Baykar said it outbid suitors from multiple countries for the acquisition of the P.180 Avanti manufacturer, which has been in receivership since 2018. Baykar did not detail the terms of the acquisition.

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