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Mallya buys 50 percent stake in US private jet
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| Indian business tycoon Vijay Mallya is acquiring a 50 percent stake in Epic Aircraft, a U.S.-based manufacturer of private jets.
Mallya, who owns India’s largest liquor company and Kingfisher Airlines, reportedly paid $120 million for the stake. The Oregon-based aircraft company manufactures private jets designed for 6 to 7 people. |