India’s fast-growing Kingfisher Airlines took delivery of its seventeenth ATR 72-500 last month. The Bangalore-based carrier holds a firm contract for 35 of the twin turboprops, all equipped with ATR’s “Elegance” cabin.
Flush with a $200 million cash infusion from Indian billionaire Vijay Mallya and a $170 million order book, turboprop and VLJ maker Epic Aircraft announced that it is in initial talks with Airbus on a technology- and knowledge-sharing agreement. However, Epic CEO Rick Schrameck backed away from a statement he made on Tuesday that the value of the Airbus alliance would equal or exceed Mallya’s investment in the company.
Flush with a $200 million cash infusion from Indian billionaire Vijay Mallya and a $170 million order book, turboprop and very light jet maker Epic Aircraft announced today at the NBAA Convention that it is in initial talks with EADS unit Airbus Industries on a technology- and knowledge-sharing agreement.
“Stay tuned–it’s going to be an interesting company,” Epic Aircraft CEO Rick Schrameck told AIN today, confirming speculation that he has been in talks with Vijay Mallya, chairman of Kingfisher Airlines parent company UB Group, about Mallya acquiring a controlling stake in the start-up aircraft manufacturer.
Simulators and other training aids from Thales are set to help carriers in India and the Asia Pacific region meet the demand for pilots to fly the large numbers of new aircraft they have ordered as well as supporting the introduction of the newest airliner models.
Avions de Transport Régional (ATR) is sharing in the booming regional market and the upswing in orders for short-haul turboprop aircraft, with this year already proving fruitful after two record years.
ATR’s sales momentum didn’t pause for the turn of the calendar as the Franco-Italian turboprop maker landed two more contracts for a total of eight turboprops before the ink had dried on last year’s financial reports. Canarian Navigation and Aerial Services, a company operating from Spain’s Canary Islands, announced a $36 million contract for two new ATR 72-500s for delivery this year following an agreement for four made last September.
India’s Kingfisher Airlines will place an order for Airbus A380s at the Paris Air Show today, according to officials with the carrier contacted in Mumbai yesterday. According to various Indian press reports, Kingfisher will place an order for five of the superjumbos, along with a mix of 15 other airplanes, reportedly A330s and A350s.
Here at the Dubai 2005 show today, India’s Kingfisher Airlines is expected to order 20 ATR 72-500s, and to take options on an additional 15 of the 68-seat twin turboprop. The ATR 72s are to be delivered during a three-year period beginning next March and will be used to serve regional routes on the subcontinent.
Six months after beginning operations, Kingfisher Airlines has confirmed it has ordered 20 ATR 72-500 twin turboprops valued at $350 million and taken options on a further 15 worth about $200 million. Deliveries from Avions de Transport Regional are scheduled to begin in March 2006, when they will join eight Airbus A320s and three A319s.