M&M in talks to acquire stake in Beechcraft: reports

India's biggest utility vehicles maker Mahindra & Mahindra Ltd is considering placing a bid for bankrupt aircraft maker Hawker Beechcraft Corporation, in an attempt to further strengthen its aerospace business.
M&M, which had been looking to expand its aerospace business, could explore the possibilities of acquiring the American company, according to various media reports.
Beechcraft, which makes both civilian and military aircraft, and was acquired by investment firms Goldman Sachs and Onex Corp in a leveraged buyout in 2007 for $3.3 billion, had filed for bankruptcy under Chapter 11 on 3 May.
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Categories: Foreign Jul 2012, Indian Aviation- In General Jul 2012, New Jul 2012