M&M may build smaller commercial aircraft: Sources

Mahindra & Mahindra (M&M) is training its sights on building its aerospace business and some inorganic activity towards that is on, sources told CNBC-TV18’s Sumantra reports. The company has just become a Directorate General of Civil Aviation (DGCA) certified design house, and is now looking at making commercial aircraft, though of a smaller nature.
When we say commercial aircraft it does not mean the big jets that we see which are applied by airlines. These are more of the nature of corporate aircraft that are being used by the captains of the industry. Now what M&M plans to do is through its Mahindra Aerospace which comes under the umbrella of Mahindra Systech they are planning to build their capabilities. In fact if you recall that they already have a joint venture in pace with National Aeronautics Limited and they had made a project of a five seater plane to showcase its capabilities to other foreign potential partners. But now they have decided to commercialize this project and have got a leg up towards this objective by bagging an approval from DGCA as an aviation design house and they plan to take it forward.
24/08/09 CNBC-TV18/Moneycontrol.com

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Categories: Indian Aviation- In General Aug 2009, New Aug 2009