Mallya may buy stake in Epic Aircraft

Mumbai: Indian businessman Vijay Mallya plans to buy a controlling stake in U.S.-based Epic Aircraft for about $200 million, the Mint newspaper said on Monday.
"I am in talks with Epic promoter," Mallya told the paper.
Epic makes private business jets. A joint announcement by Mallya and Epic is expected by the end of the month, the newspaper said, citing a source close to the development.
Mallya's UB Holdings controls Kingfisher Airlines and owns 26 percent in Deccan Aviation Ltd ), which operates discount carrier Air Deccan.
03/09/07 Reuters

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Categories: Foreign Sep 2007, Kingfisher Sep 2007