Posts Tagged 'Mahindra Aerospace'

Mahindra Aero looks for strategic investor

Chennai: The Mahindra group is looking to scale up its aerospace business to capture a slice of the $12-billion offset business in the Indian defence market. Group company Mahindra Aerospace Private Ltd (MAPL) is looking to rope in a strategic investor (it already has Kotak PE) and is pumping in Rs 284 crore in a new facility in Karnataka for components, assemblies and aerostructures both for its own and other large aircraft. The idea, said a top company official, is to create competence for components on one hand and build compact, rugged, affordable aircraft – ‘Scorpio of the aero industry’ – on the other.
“We are talking to potential strategic investors including OEMs and tier I suppliers. We are looking at a relationship that will help us access both customers and technology – not just for the offsets business but for aerospace competency beyond that too …,” Hemant Luthra, president, Systech, M&M, told TOI. A tie-up is a “distinct possibility” in the quarter. The top tier 1 suppliers globally are players like Alenia, part of the Italian group Finmeccanica, Premium Aerotec, Aernnova Spain, Aerolia, and Spirit Aerosystems but Luthra refused to speculate on the name of the potential strategic partner. The $7.1 billion Mahindra group is building a 20-acre component plant at Narsapura in Karnataka.
The company has acquired equipment from the Boeing Aerostructures plant in Melbourne Australia for the Narsapura plant.
13/02/11 Nandini Sen Gupta/Times of India

Get your own plane for just Rs2.92 crore

Bangalore: Travelling in your own private aircraft is now within reach with Mahindra Aerospace Private Limited’s (MAPL) launching its GA8-TC Airvan.
The domestic aerospace company has started sale of this 5-seater turbo-charged aircraft at $6,50,000 (approximately Rs2.92 crore).
“It will cost you only 30%-40% more than travelling in a high-end AC car, and will cut down your travelling time significantly,” says Hemant Luthra, president, systech sector, Mahindra and Mahindra.
The basic version of the Airvan has got all the airworthiness certification in India.
Luthra said the company, which has begun manufacturing civil aircraft in Australia, will start its India operations in the next two years.
“We will set up our aircraft factory in India by 2014 after which our aircraft will be made here. It is a two-step process. We have bought the land where we will start making the aircraft components. Once that has begun, we can start getting certifications – We’re building planes with the highest standard of FAR23 safety,” he said.
Since MAPL has already got certifications for its aircraft in Australia, it will make it easier for it to get the green signal in India.
11/02/11 Supriya Ghorpade/Daily News & Analysis

Mahindra Aerospace makes debut appearance at Aero India 2011

Mahindra Aerospace Pvt. Ltd. (MAPL), a part of the $ US 7.1 billion Mahindra Group, made its debut at Aero India 2011, Asia’s premier Air Show, which is being held at the Yelahanka Air Force Base in Bangalore from February 9 to 13, 2011.
The centrepiece of the MAPL stall is the recently launched GA8 TC-320 Airvan which has been designed and built by GippsAero, an Australian company acquired by Mahindra in 2009.
“We are extremely proud to participate in Aero India for the very first time and showcase the GA8 TC-320 Airvan for aviation companies from across the globe. It has generated a great deal of interest amongst visitors and potential buyers who have been impressed by its reliable operations platform and low maintenance cost. In fact, it was flown from Australia to Bangalore for the Show, a clear validation of its strength and ruggedness,” said Mr. Arvind Mehra, Executive Director and CEO, Mahindra Aerospace Private Limited.
The Airvan is a unique 8-seat multi-role aircraft that can readily be converted to carry freight or passengers. Its global clientele find the aircraft ideal for a variety of operations including humanitarian relief, charter, tourism, medevac, aerosports (parajumping), surveillance, freight, and training.
With robust metallic construction and powered by the reliable Lycoming family of engines, the Airvan is available in either normally-aspirated or turbocharged variants. Both models offer unbeatable costs per seat-mile, ensuring an economical, low maintenance and reliable operations platform.
08/02/11 India Infoline