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Hong Kong and Overseas Chinese Areas
80-year-old JC Vimalo was in aeronautics for well over a three and half
decades, the country’s biggest aircraft company like the Maruti Car
manufacturers He always thought of myself as a Free Online Agriculturalist
“The aircraft And “I As per his plans, JC has lined up capital expenditure through
market in India is set to expand in the coming years and this would
require more hangars and airstrips, calling for heavy investments,
considering high set-up costs, including the real estate,” JC said.
this is where the opportunity lies, he feels, pointing out that
existing dealers would not have the resources to cope with this demand.
plan to start a company that will have joint ventures across the
country to provide this infrastructure and it would be at a far lesser
cost, considering it will be multi-brand (separate showrooms for each
brand),” JC said.
a holding company where apart from him, a real estate company and an
insurance company will be roped in as stakeholders. “People are coming
to us and we would forge partnerships and joint ventures with
like-minded entrepreneurs in various parts of the country to spread the
network,” he said.
As per his plans, JC has lined up capital expenditure through
”A core team is
already in place, which also includes people from abroad who have been
part of such multi-brand formats,” JC said.
While initially the outlets will focus on spares and service, it will expand to sales of new small aircrafts, accessories and even second-hand aircrafts in the coming years, he said.
plan to have the first couple of units operational by the end of this
year,” JC said, insisting that he was “not competing with the existing
network of aircraft companies.”
He said his venture plans to have around 100 hangars and short airstrips as outlets in the next four to five years.