An Epic Day for Epic Aircraft
Epic Aircraft will partner with Indian billionaire Dr. Vijay Mallya, CEO Rick Schrameck announced at the National Business Aviation Association expo in Atlanta, Ga., on Wednesday morning. The deal provides Epic with plenty of cash to accelerate the process of bringing its growing line of aircraft, including several light-jet models, to the certified market. "Epic was really looking for a strategic partner, not just an investor," Schrameck said. "Dr. Mallya now has a significant interest in our company, and we will immediately benefit from his relationships with a variety of companies, including Airbus and Pratt & Whitney." Mallya owns and operates Kingfisher Airlines, which is one of Airbus's biggest customers.
For more details and analysis on this story, see AVweb's on-site report from Atlanta, by business-aviation editor Jeb Burnside.