{"id":3120,"date":"2025-01-29T08:56:26","date_gmt":"2025-01-29T07:56:26","guid":{"rendered":"https:\/\/www.portaleconomia.net\/?p=3120"},"modified":"2025-01-31T19:59:22","modified_gmt":"2025-01-31T18:59:22","slug":"a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point","status":"publish","type":"post","link":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/","title":{"rendered":"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point"},"content":{"rendered":"<p>After six challenging years, <strong>Piaggio Aerospace<\/strong> is set to embark on a new journey under the ownership of Baykar, a leading Turkish company specializing in drones and advanced aerospace technologies. The preliminary agreement for the acquisition of Piaggio Aero Industries and Piaggio Aviation was officially signed on January 27, marking the end of a prolonged period of uncertainty for the historic Italian aeronautics company, which has been under extraordinary administration since December 2018.<\/p>\n<p>The agreement was signed by Haluk Bayraktar, CEO of Baykar, alongside the extraordinary commissioners of Piaggio Aerospace: Carmelo Cosentino, Vincenzo Nicastro, and Gianpaolo Davide Rossetti. Approved by Italy\u2019s Ministry of Enterprises and Made in Italy (Mimit) in December 2024, the deal includes an industrial plan designed to rejuvenate the company\u2019s operations in Liguria.<\/p>\n<p>Baykar has committed to maintaining and enhancing Piaggio Aerospace\u2019s aircraft production capabilities, including technical support, logistics, training, engine maintenance, and the manufacturing of engine components. Furthermore, the Turkish company has expressed its intent to preserve Piaggio Aerospace\u2019s historical identity while boosting production capacity and safeguarding employment in Italy.<\/p>\n<p>According to Mimit, Baykar\u2019s proposal was chosen for its ability to ensure not only the future of Piaggio Aerospace\u2019s employees and creditors but also to revive the industrial prospects of the group. The Italian government evaluated three binding offers from international industrial players, ultimately selecting Baykar for its suitability in addressing the company\u2019s needs.<\/p>\n<p>Despite optimism surrounding the deal, concerns have been raised. Critics, particularly from opposition parties, worry about the strategic implications of transferring a key Italian aerospace company to foreign ownership. Baykar\u2019s close ties to the Turkish government have also fueled apprehensions about potential conflicts with Italian and European interests. Additionally, there are questions about how the acquisition will impact job security for employees.<\/p>\n<p>Labor unions have welcomed the resolution of Piaggio Aerospace\u2019s uncertain future but remain cautious, awaiting further details on Baykar\u2019s industrial plan. Uilm, Fiom, and Fim Cisl have emphasized the importance of safeguarding the expertise and workforce at Piaggio Aerospace\u2019s facilities in Genoa and Villanova d\u2019Albenga.<\/p>\n<p>Founded in 1884 by Rinaldo Piaggio in Sestri Ponente (Genoa), <strong>Piaggio Aerospace<\/strong> is a cornerstone of Italy\u2019s aeronautics sector. Over the years, the company has undergone numerous transformations. In 2014, it was fully acquired by Abu Dhabi\u2019s Mubadala Development Company, adopting its current name. However, financial difficulties emerged shortly after, leading to restructuring efforts, including the closure of its Genoa facility in 2016. By 2018, the company entered extraordinary administration, leaving its future uncertain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Piaggio Aerospace joins Baykar after six years of uncertainty, with plans to boost production, safeguard jobs, and revitalize Italy\u2019s aerospace sector.<\/p>\n","protected":false},"author":1,"featured_media":3121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[347],"tags":[501],"class_list":["post-3120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-piaggio-aerospace"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point - ECONOMY PORTAL<\/title>\n<meta name=\"description\" content=\"Piaggio Aerospace joins Baykar after six years of uncertainty, with plans to boost production, safeguard jobs, and revitalize Italy\u2019s aerospace sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point - ECONOMY PORTAL\" \/>\n<meta property=\"og:description\" content=\"Piaggio Aerospace joins Baykar after six years of uncertainty, with plans to boost production, safeguard jobs, and revitalize Italy\u2019s aerospace sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/\" \/>\n<meta property=\"og:site_name\" content=\"ECONOMY PORTAL\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-29T07:56:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-31T18:59:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.portaleconomia.net\/wp-content\/uploads\/2025\/01\/piaggio-aerospace.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"315\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Portal economia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Portal economia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/\"},\"author\":{\"name\":\"Portal economia\",\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/#\\\/schema\\\/person\\\/237bedff5a7931b62d43d9da14bcb1c6\"},\"headline\":\"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point\",\"datePublished\":\"2025-01-29T07:56:26+00:00\",\"dateModified\":\"2025-01-31T18:59:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/\"},\"wordCount\":430,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.portaleconomia.net\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/piaggio-aerospace.png\",\"keywords\":[\"Piaggio Aerospace\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/\",\"url\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/\",\"name\":\"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point - ECONOMY PORTAL\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.portaleconomia.net\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/piaggio-aerospace.png\",\"datePublished\":\"2025-01-29T07:56:26+00:00\",\"dateModified\":\"2025-01-31T18:59:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/#\\\/schema\\\/person\\\/237bedff5a7931b62d43d9da14bcb1c6\"},\"description\":\"Piaggio Aerospace joins Baykar after six years of uncertainty, with plans to boost production, safeguard jobs, and revitalize Italy\u2019s aerospace sector.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.portaleconomia.net\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/piaggio-aerospace.png\",\"contentUrl\":\"https:\\\/\\\/www.portaleconomia.net\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/piaggio-aerospace.png\",\"width\":600,\"height\":315,\"caption\":\"Piaggio Aerospace logo\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/en\\\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.portaleconomia.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/#website\",\"url\":\"https:\\\/\\\/www.portaleconomia.net\\\/\",\"name\":\"ECONOMY PORTAL\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.portaleconomia.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.portaleconomia.net\\\/#\\\/schema\\\/person\\\/237bedff5a7931b62d43d9da14bcb1c6\",\"name\":\"Portal economia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/45c09c1233320f3745bf1cce629fb35b05e06e2727479fef6633cb84e3668890?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/45c09c1233320f3745bf1cce629fb35b05e06e2727479fef6633cb84e3668890?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/45c09c1233320f3745bf1cce629fb35b05e06e2727479fef6633cb84e3668890?s=96&d=mm&r=g\",\"caption\":\"Portal economia\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point - ECONOMY PORTAL","description":"Piaggio Aerospace joins Baykar after six years of uncertainty, with plans to boost production, safeguard jobs, and revitalize Italy\u2019s aerospace sector.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/","og_locale":"en_US","og_type":"article","og_title":"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point - ECONOMY PORTAL","og_description":"Piaggio Aerospace joins Baykar after six years of uncertainty, with plans to boost production, safeguard jobs, and revitalize Italy\u2019s aerospace sector.","og_url":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/","og_site_name":"ECONOMY PORTAL","article_published_time":"2025-01-29T07:56:26+00:00","article_modified_time":"2025-01-31T18:59:22+00:00","og_image":[{"width":600,"height":315,"url":"https:\/\/www.portaleconomia.net\/wp-content\/uploads\/2025\/01\/piaggio-aerospace.png","type":"image\/png"}],"author":"Portal economia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Portal economia","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#article","isPartOf":{"@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/"},"author":{"name":"Portal economia","@id":"https:\/\/www.portaleconomia.net\/#\/schema\/person\/237bedff5a7931b62d43d9da14bcb1c6"},"headline":"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point","datePublished":"2025-01-29T07:56:26+00:00","dateModified":"2025-01-31T18:59:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/"},"wordCount":430,"commentCount":0,"image":{"@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#primaryimage"},"thumbnailUrl":"https:\/\/www.portaleconomia.net\/wp-content\/uploads\/2025\/01\/piaggio-aerospace.png","keywords":["Piaggio Aerospace"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/","url":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/","name":"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point - ECONOMY PORTAL","isPartOf":{"@id":"https:\/\/www.portaleconomia.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#primaryimage"},"image":{"@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#primaryimage"},"thumbnailUrl":"https:\/\/www.portaleconomia.net\/wp-content\/uploads\/2025\/01\/piaggio-aerospace.png","datePublished":"2025-01-29T07:56:26+00:00","dateModified":"2025-01-31T18:59:22+00:00","author":{"@id":"https:\/\/www.portaleconomia.net\/#\/schema\/person\/237bedff5a7931b62d43d9da14bcb1c6"},"description":"Piaggio Aerospace joins Baykar after six years of uncertainty, with plans to boost production, safeguard jobs, and revitalize Italy\u2019s aerospace sector.","breadcrumb":{"@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#primaryimage","url":"https:\/\/www.portaleconomia.net\/wp-content\/uploads\/2025\/01\/piaggio-aerospace.png","contentUrl":"https:\/\/www.portaleconomia.net\/wp-content\/uploads\/2025\/01\/piaggio-aerospace.png","width":600,"height":315,"caption":"Piaggio Aerospace logo"},{"@type":"BreadcrumbList","@id":"https:\/\/www.portaleconomia.net\/en\/a-new-chapter-for-piaggio-aerospace-acquisition-by-baykar-signals-a-strategic-turning-point\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.portaleconomia.net\/"},{"@type":"ListItem","position":2,"name":"A new chapter for Piaggio Aerospace: acquisition by Baykar signals a strategic turning point"}]},{"@type":"WebSite","@id":"https:\/\/www.portaleconomia.net\/#website","url":"https:\/\/www.portaleconomia.net\/","name":"ECONOMY PORTAL","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.portaleconomia.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.portaleconomia.net\/#\/schema\/person\/237bedff5a7931b62d43d9da14bcb1c6","name":"Portal economia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/45c09c1233320f3745bf1cce629fb35b05e06e2727479fef6633cb84e3668890?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/45c09c1233320f3745bf1cce629fb35b05e06e2727479fef6633cb84e3668890?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45c09c1233320f3745bf1cce629fb35b05e06e2727479fef6633cb84e3668890?s=96&d=mm&r=g","caption":"Portal economia"}}]}},"_links":{"self":[{"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/posts\/3120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/comments?post=3120"}],"version-history":[{"count":1,"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/posts\/3120\/revisions"}],"predecessor-version":[{"id":3123,"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/posts\/3120\/revisions\/3123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/media\/3121"}],"wp:attachment":[{"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/media?parent=3120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/categories?post=3120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portaleconomia.net\/en\/wp-json\/wp\/v2\/tags?post=3120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}