Turkish aerospace giant moves to buy two Italian aviation companies
Turkish group Baykar signed a preliminary agreement to buy two Italian companies in extraordinary administration, Piaggio Aero Industries and Piaggio Aviation, CE Report quotes ANSA.
The agreement was signed by Baykar CEO Haluk Bayraktar and the Ligurian-based companies' administrators, Carmelo Cosentino, Vincenzo Nicastro and Gianpaolo Davide Rossetti.
Baykar is specialised in UAV (Unmanned Aerial Vehicles) systems and advanced aerospace technologies, while the Italian enterprises are engaged in the design, construction and maintenance of aircraft and aviation engines for private, public and military clients.
