Turkish Baykar takes over the historic Italian company Piaggio Aviation

The Italian authorities announced that the bidder for the acquisition of the historic Piaggio Aviation is Turkish Baykar

Turkey is proceeding apace in expanding its war industry and even investing very significant capital not only within the country but now in Europe.

A short while ago the Italian authorities announced that after the bidding process the historic Italian Piaggio Aviation industry is passing into the hands of Ankara. The Turkish Baykar’s bid was in fact, according to initial reports, the best of a number of bids and the relevant signatures will be signed soon.

Baykar is currently one of the largest manufacturer of drones in the world and is making its first acquisition of a European company and one with more than 140 years of history.

According to Italian media, Baykar does not intend to stop production of the company’s Italian products but with the acquisition will continue to promote under its own umbrella the P.180 Avanti which have been nicknamed the “Ferrari of the skies“. With this acquisition, Turkey gains access to advanced aircraft engines further strengthening its own position in production.

It is worth noting that in 2023, Baykar was among the 10 most important companies in Turkey in terms of exports with an export volume reaching $1.8 billion. Baykar’s size is not only important for the wider European region but also for the other side of the Atlantic as today the Turkish company has market shares three times larger even than its American counterparts.

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