The Italian Ministry for Business has approved the sale of Piaggio Aerospace and Piaggio Aviation to the Turkish aerospace firm Baykar Technologies.

This decision concludes a challenging period for Piaggio Aerospace, which entered extraordinary administration in December 2018. 

Government-appointed extraordinary commissioners reported in June 2023 that 18 expressions of interest (EOIs) had been submitted for the purchase of Piaggio Aero Industries and Piaggio Aviation.

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