Kestrel Aircraft is stumbling along on the road to developing its 320+ kt. single-engine, carbon-fiber JP10 turboprop, as the company’s president and CEO Alan Klapmeier looks for sponsors willing to invest the tens of millions needed to bring the aircraft to market. Absent Chinese or Russian investors with deep pockets, he’s finding it very tough to woo white knight venture capitalists to back his program. How tough is this task? “It’s awful. We’re looking at all kinds of investment ...
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