Mahindra To Spread its Wings in Aviation Space

Mahindra Aerospace, the aviation division of the Rs 56,000 crore Mahindra & Mahindra Group, is spreading its wings in India and globally. The company is negotiating a deal to sell more than two dozen GA8s, its eight-seat piston engine-powered planes to a China-based millionaire looking to start a low-cost airline. Mahindra Aerospace began manufacturing and marketing the GA8 aircraft in 2009 when it acquired Gipps Aero, an Australian plane maker. So far, more than 200 GA8s have been sold in Africa, the US and Australia.