The **Ministry of Enterprise and Made in Italy** finalized the _closing_ of the operation that marks the definitive transfer of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies in extraordinary administration under the **Piaggio Aerospace** brand – to the Turkish company **Baykar**.
The acquisition, authorized by the **Presidency of the Council of Ministers** under the _golden power_ legislation, represents – says **Minister Adolfo Urso** – “_a strategic move for the revival of one of the historic brands of the Italian aeronautical industry with a major international investor, whose industrial plan opens even more important market prospects in the field of unmanned aircraft, thus strengthening the competitiveness of the Italian and European aerospace industry…
#### Baykar’s commitments to the revival of Piaggio Aerospace
According to the agreement, Baykar is committed to maintaining current employment levels at the Villanova d’Albenga and Genoa sites, with the prospect of increasing the workforce in line with the expansion of production activities…
“_Our goal is to relaunch Piaggio Aerospace with an ambitious industrial vision, able to appreciate its heritage and, at the same time, to develop its potential for the future. We have great respect for the people who, with competence and determination, have kept the company alive even in the most difficult moments, and we are ready to work alongside them to create new opportunities, promote innovation and build a solid and sustainable future…”
…The **Extraordinary Commissioners**, in defining the sale “_a historic moment for the revival of one of the oldest brands in the history of Italian aviation_”, expressed satisfaction with the successful outcome of the operation, stressing that it represents not only a guarantee of industrial and employment continuity of the territory, but also an opportunity for the strengthening of the entire Italian and European aerospace industry…
#### Cooperation between Baykar and Leonardo, revival of P-180 Avanti EVO and production of Akinci and TB2 drones
The acquisition is part of a broader industrial cooperation between Italy and Turkey…
Source and photo credit @Piaggio Aerospace.
