Viking Forms Strategic Alliance with Mahindra Aerospace to Further Regional Air Connectivity in India
Mumbai, February 22nd, 2018: Viking Air Limited of Victoria, British Columbia, Canada, and Mahindra Aerospace Private Limited of Bengaluru, India have signed a Memorandum of Understanding to form a strategic alliance to seize opportunities arising out of India’s growing regional air connectivity requirements.
Signing of the MOU is timely given the focus being put on Indo-Canadian relations during Canadian Prime Minister Justin Trudeau’s trip to India. India’s diverse market landscape offers numerous options for Viking and Mahindra Aerospace to leverage their unique and complementary resources for a mutually beneficial collaboration to develop regional air transportation solutions.
Under this alliance, Mahindra Aerospace and Viking will support each other’s non-competing aircraft business to boost market penetration in identified territories and provide potential customers with multiple options based on specific operational requirements. Viking produces the Twin Otter Series 400, a 19-passenger, twin-engine utility turboprop aircraft that is world-renowned for its versatility and capability of operating in extreme environments from multiple landing surfaces, including water. Mahindra Aerospace currently produces the Airvan 8, an 8-seat utility piston aircraft, and the Airvan 10, a 10-seat utility turboprop aircraft, and plans to offer ski and float-equipped variants of both aircraft in due course.
The multiple seating and landing gear configurations of the Airvan 8, Airvan 10, and Twin Otter Series 400 offered through Viking and Mahindra Aerospace provides several solutions especially well-suited to India’s varied geography, operating conditions, and regional connectivity requirements.
“Viking sees enormous market potential for the Series 400 Twin Otter in India, with a particular emphasis on the seaplane variant as it provides an unmatched transportation solution for servicing India’s thousands of kilometers of coastline and river systems,” commented David Curtis, Viking President & CEO. “We are confident that our alliance with Mahindra Group, such a well-established and well-regarded company, will provide the necessary traction the Series 400 deserves in India.”
Arvind Mehra, Executive Director & CEO, Mahindra Aerospace said, “Viking and Mahindra Aerospace have a natural fit when it comes to the supplying utility aircraft in point-to-point connectivity. These products complement each other well and offer our customers a wide choice depending on the size and scale of their operations. We are sure this is just a beginning and can open up many other opportunities for collaboration, including product development and support.”
The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, among other businesses. Headquartered in India, Mahindra employs over 2,400,000 people across 100 countries. For more information about Mahindra, visit www.mahindra.com.
About Viking Air Limited
Headquartered in Victoria, BC, Viking is the global leader in utility aircraft services, and the manufacturer of the world-renowned Series 400 Twin Otter. Viking is the Original Type Certificate holder for all out-of-production de Havilland aircraft, DHC-1 through the DHC-7, and provides exclusive spare parts manufacturing and product support for the legacy de Havilland fleet. In 2007 Viking launched the Twin Otter Series 400 production program, and to date new Viking aircraft have sold to 30 countries worldwide. In 2016, Viking acquired the Type Certificates (manufacturing rights) for the Canadair CL-215, CL-215T, and CL-415 aircraft. With this transfer, Viking assumed responsibility for all product support for the global fleet of 170 aerial firefighters. Viking is managed by Longview Aviation Capital and forms part of the portfolio of a prominent Canadian family investment firm that maintains a long-term investment horizon and is one of the leading investors in the Canadian aviation industry. For additional information, please visit www.vikingair.com.