Icon Aircraft, the developer of the amphibious light-sport A5 aircraft, is moving forward to ramp up full-scale production with $60 million in new equity funding led by a Chinese investor. The latest investment is the company’s fourth and final round, which Icon says will be enough to demonstrate regulatory compliance, to ramp up production and to begin work on the next aircraft in the model line. “For the first time in ICON’s history, the company’s future is no longer reliant on the ...
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