Baykar’s acquisition of Piaggio milestone development, say experts
Piaggio
ISTANBUL The acquisition of Italian giant Piaggio Aerospace by the Turkish unmanned combat aerial vehicle producer Baykar marks a milestone for the Turkish aviation industry, according to experts. Founded in 1884, Piaggio Aerospace is best known for producing P.180 Avanti business jets, and aircraft engines. Italy last week approved the sale of the company to Baykar. “This is a remarkable development for [the Turkish aviation sector],” commented Erdoğan Karakuş, a retired lieutenant general.
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