Vijay

October 8, 2012 - 10:50am

After failing to reach an agreement with striking engineers and pilots who have not been paid since March this year, India’s Kingfisher Airlines has effectively grounded itself until at least October 12 by locking out staff. Kingfisher’s management, led by owner Vijay Mallya, is trying to renegotiate some $2.49 billion in debt with creditors while it struggles with serious cash-flow problems, evidenced by $1.9 billion in losses for the first half of this year.

May 22, 2008 - 7:54am

Epic Aircraft continues development of its all-composite turboprop singles and very light jets, though without the $200 million in funding Indian billionaire Dr. Vijay Mallya pledged last September at the NBAA Convention.

September 4, 2007 - 11:21am

“Stay tuned–it’s going to be an interesting company,” Epic Aircraft CEO Rick Schrameck told AIN today, confirming speculation that he has been in talks with Vijay Mallya, chairman of Kingfisher Airlines parent company UB Group, about Mallya acquiring a controlling stake in the start-up aircraft manufacturer.

 
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