Mallya

August 26, 2008 - 11:23am

India’s Kingfisher Airlines announced it will launch its first international service on September 3 between Bangalore and London Heathrow Airport. Kingfisher will serve the route with a new Airbus A330-200, the first of 10 on which it holds delivery positions. Indian law requires that an airline operate domestically for five years before authorities consider it for an international air transport license.

June 5, 2008 - 11:25am

EADS Socata, the France-based manufacturer of the TBM 850 turboprop single, today tried to clarify the status of its negotiations with a number of potential partners for the development of another business aircraft. Speaking to AIN, a spokesman essentially denied the content of a story published Sunday in the India Times, which reported that UB Group’s Vijay Mallya was ready to invest $200 million in the development of a Socata jet.

May 22, 2008 - 7:54am

Epic Aircraft continues development of its all-composite turboprop singles and very light jets, though without the $200 million in funding Indian billionaire Dr. Vijay Mallya pledged last September at the NBAA Convention.

September 4, 2007 - 11:21am

“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.

 
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