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| Thursday, October 11, 2007 |
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Epic Aircraft Welcomes New Strategic Partner
By FlyingNews @ 4:31 PM :: 394 Views ::
0 Comments :: Business Aircraft Manufacturers
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Rick Schrameck, President and CEO of high performance airplane manufacturer Epic Aircraft, today announced a new partnership with Indian billionaire Dr. Vijay Mallya. The deal provides Epic the ability to accelerate the process of bringing the company's growing line of aircraft to the certified market, as well as strengthening the company's relationships with customers and vendors world wide.
"Epic was really looking for a strategic partner, not just an investor," Schrameck explained. "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.”
Dr. Mallya owns and operates India's premiere private carrier Kingfisher Airlines. Ever since its launch, Kingfisher Airlines has redefined the whole experience of flying. His airline was among the first to order the new Airbus A-380 and is one of the pan-European aircraft manufacturer's largest customers. Dr. Mallya is also Chairman of United Breweries Group, a multinational conglomerate of more than sixty companies. His passions include aviation and cars. Dr. Mallya has won races on the professional international car racing circuits. Schrameck, who also holds records for wins in automobile racing and from the pylons at the Reno Air Races, acknowledges that he and Mallya have a lot of common interests to set the stage for a great working relationship.
Dr. Vijay Mallya commented, "I am very excited about the phenomenal opportunities that Epic has in the industry today, and this strategic investment will pave the way for the company to embark on an unprecedented growth trajectory".
"In fact, it's a great relationship," Schrameck added. "Vijay has already brought Airbus into the role of consultants for our certification programs." Epic is in the advanced stages of flight testing for the Dynasty, the 1200hp single-engine turboprop. The company recently unveiled two new Very Light Jets, the twin-engine Elite and the single-engine Victory. The jets will begin their certification process immediately following certification of the Dynasty. |
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