GippsAero, maker of the Airvan 8 utility aircraft, is returning to its Australian roots after founder and former CEO George Morgan bought out the shares owned by India's biggest company. Since 2010 Mahindra Aerospace has been the majority shareholder in the company, which certified and began manufacturing the Airvan 8 in the mid-2000s. The partnership didn't work out as planned, and in 2020 Mahindra ceased production. Morgan told Australian Flying he's anxious to take the original Latrobe Valley factory out of mothballs and start filling an order backlog.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/gipps-airvan-founder-buys-back-company