Press Release

Issued by Mahindra Aerospace.

October 26, 2012

GippsAERO, the aircraft manufacturing arm of Mahindra Aerospace, has signed an agreement today appointing European Aircraft Sales as a GippsAERO authorised dealer for Denmark, Sweden, Norway, Finland, Estonia, Latvia and Lithuania.

"European Aircraft Sales is a welcome addition to our global dealer network having more than 40 years of shared aviation experience. Their sales team have the knowledge, competence and network that we look for when assigning dealerships," explained Dr Terry Miles, CEO of GippsAERO.

Arvind Mehra, CEO of Mahindra Aerospace, added "European Aircraft Sales is a very welcome addition to the GippsAERO team. This new relationship will further our global expansion efforts, and is a significant step towards expanding our European presence."

Bjarne Jorsal, Co-Owner of European Aircraft Sales, said, "We are excited about the opportunities in our region for GippsAERO and their unique product."

European Aircraft Sales is based in Denmark, an ideal location for sales and service support in their territory.