| Mallya buys 50% in Epic Aircraft |
| BS Reporter / Mumbai September 27, 2007 |
| Vijay Mallya, chairman, United Breweries (Holdings, has bought a 50 per cent strategic stake in Epic Aircraft for $120 million (about Rs 480 crore), according to a statement by the UB Group. Mallya, whose UB Group owns the full-service carrier Kingfisher Airlines and also has a 26 per cent in Deccan Aviation (which owns budget carrier Air Deccan), has made the investment in Epic in his personal capacity. Epic Aircraft, a unit of Aircraft Investor Resources LLC, manufactures private business jets with single and twin engines, capable of carrying six to seven people. While Mallya |
