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 ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Icon Moves Forward With Chinese-led Equity Funding Of $60 Million".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.