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Mahindra Aerospace to launch new aircraft

Mahindra Aerospace — the first private firm in India to develop small aircraft for the country’s  general aviation market — is expected to roll-out its first plane by March, according to the Economic Times.

Mahindra officials said the aircraft will cost 20 percent less than a Cessna aircraft.

The company has been working with India’s National Aerospace Laboratories to design the plane, which seats five people. A larger, eight-seat version is in the works, according to the Economic Times.