“Turkey’s Baykar Makina Sanayi ve Ticaret Anonim Sirketi has received permission from Italian regulators to acquire Piaggio Aerospace, which is in a difficult financial situation.”, — write: epravda.com.ua
Turkey’s Baykar Makina Sanayi ve Ticaret Anonim Sirketi has received permission from Italian regulators to acquire Piaggio Aerospace, which is in a difficult financial situation. Bloomberg writes about this with reference to the Ministry of Industry of Italy. The publication notes that Piaggio Aerospace, formerly known as Piaggio Aero Industries SpA, is engaged in the design and production of aircraft and aircraft engines for military and civil applications. The company has been on sale for many years and since 2018 is under “special management” appointed by the country’s government due to debts and a difficult financial situation.Advertisement: Italian Industry Minister Adolfo Urso called the company a “strategic asset for the country” and stated that the authorities are counting on its restart “with a clear and ambitious industrial vision”.