ATLANTA, September 26 /CNW/ - 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 worldwide.
"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. Mallya has won races on the professional international car
racing circuits. Schrameck, who also has 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
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
"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
Epic has recently experienced an unprecedented surge in sales, booking
more than $23 million dollars worth of orders at the Sun 'n Fun fly-in April
of this year, then selling another $40 million worth of aircraft only 3 months
later at AirVenture in Oshkosh, Wisconsin.
For more information on the growing family of Epic Aircraft, visit the
company's website, at www.EpicAircraft.com, or call 1-888-FLY-EPIC.
For further information:
For further information: For Dr. Vijay Mallya: Prakash Mirpuri, +91
98210 91715 email@example.com or EPIC Lyn Freeman, Media Relations,
310-459-4874 firstname.lastname@example.org or IPAN Vinod Moorthy, +91 9821046806
Vinod.email@example.com or Rekha Rao, +91 9870090807 firstname.lastname@example.org