The production capacity of the Italian aircraft producer Piaggio Aerospace will be increased by five to six times through new investments, as it is being restructured after being acquired by the Turkish drone magnate Baykar, a senior executive said late Monday.
One of the most prolific drone exporters globally, Baykar, bought Piaggio Aerospace in late 2024. The Italian firm had been under government-controlled special administration since filing for protection from creditors in 2018.
The expansion plans also include the scaling up of Piaggio Aerospace's maintenance, repair and engine capabilities, Haluk Bayraktar, chair of the board of Piaggio Aerospace and general manager of Baykar, said in a statement.
Bayraktar said the Italian manufacturer's 140-year aviation heritage, combined with Baykar's engineering strength, create
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